Bank Loans on Which Interest Is Paid Up Front in Advance

question 69

Multiple Choice

Bank loans on which interest is paid up front in advance are called: None of the above clone of prior item

• A)front loaders.
• B)build-up loans
• C)advance interest loans.
• D)revolving credit agreements.
• E)none of the above

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Definitions:

Ambiguous Offer

An offer in a contract that is unclear and can be reasonably interpreted in more than one way.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, governing the sale of goods between parties from different countries.

Restatement Second

A collection of treatises on U.S. law aimed at summarizing, clarifying, and perhaps modernizing the law, with "Second" indicating a second edition of a subject area.