You Recently Had a Conversation with Your Neighbour Ruth Ripoff

question 9

Multiple Choice

You recently had a conversation with your neighbour Ruth Ripoff about her problems with getting a loan. She mentioned, in the course of the conversation, that she had been turned down at least five times. Based on this information, what can you conclude about your neighbour?

• A) Her credit history is neither positive or negative.
• B) She has either high credit balances or unpaid credit.
• C) She has not tried hard enough to secure a loan.
• D) She has an excellent credit history.

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Definitions:

Executory Contract

A contract that has not yet been fully performed.

Executory

Executory refers to a contract or agreement in which some future act or obligation remains to be performed under its terms.

Executed

denotes something that has been completed, carried out, or fully accomplished according to plan or command.

Void

Having no legal force or effect; null and incapable of being ratified or confirmed.