Which of the Following Is NOT a Valid Credit Application

question 9

Multiple Choice

Which of the following is NOT a valid credit application question?

• A) How much of a loan are you requesting?
• B) What is the account number for your checking account?
• C) What is the name of the nearest relative not living with you?
• D) How many dependents do you have?
• E) All of these are valid credit application questions.

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Definitions:

Tender

refers to the offer of payment of money or the performance of an obligation in order to discharge a debt or fulfill a contract.

Offering

The process or act of presenting something for acceptance, consideration, or use, such as a financial instrument or a proposal.

Discharge by Performance

The termination of a contractual obligation when both parties fulfill their respective duties as agreed in the contract.

Discharged

The state of being released from a legal, financial, or other obligation.