A Lender That Makes a Loan to a Minor Would

question 73

Multiple Choice

A lender that makes a loan to a minor would be violating which of the 6 Cs of lending?

• A)Character
• B)Capacity
• C)Cash
• D)Control
• E)Collateral

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Definitions:

Express

Directly stated, explicit, or clearly defined.

Implied

Not explicitly stated but understood from the circumstances or context of an agreement or action.

Implied Bailment

A bailment formed without explicit agreement, inferred from the actions or circumstances of the parties involved.

Plaintiff

The person or party who initiates a lawsuit (an action) before a court by filing a complaint with the clerk of the court against the defendant(s). Also known as claimant or complainant.