A FICO Score of 700 Would Be Considered

question 64

Multiple Choice

A FICO score of 700 would be considered

• A)poor
• B)very poor
• C)a risk to default
• D)very good
• E)fair

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Definitions:

Unincorporated Business

A business structure without a separate legal entity from its owner, where the owner is personally responsible for the business's debts and obligations.

Specialized Equipment

Tools or machinery designed for a specific, often technical or industrial, purpose, necessitating particular skills for operation.

Known Principal

A principal whose identity is disclosed to the third party by the agent at the time of a particular transaction.

Agent Liability

The legal responsibility of an agent to act in the best interest of their principal, facing consequences for failure to comply.