Sylvia Borrowed Money for Her Business from a Local Bank

question 73

Multiple Choice

Sylvia borrowed money for her business from a local bank.What accounts will be affected?

• A)Cash and Accounts Payable
• B)Cash and Notes Payable
• C)Accounts Payable and Revenue
• D)Accounts Receivable and Revenue

---

Definitions:

Undue Influence

Persuasion that is less than actual force but more than advice and that induces a person to act according to the will or purposes of the dominating party.

Threats

Expressions or actions indicating an intention to cause harm or force someone to do something against their will.

Reliance

The act of depending or counting on something or someone, often used in legal contexts to describe a situation where one party bases a decision on the assurances or promises of another.

Misrepresentation

The act of providing false or misleading information with the intent to deceive someone into entering into an agreement.