13-13.In Verification of a Loan,the Lender

question 27

Multiple Choice

13-13.In verification of a loan,the lender:

• A) will have to verify the existence and worth of other assets
• B) will require at least a two-year history of income from all sources
• C) will verify the credit standing of the applicant
• D) all the above
• E) both a and c

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Definitions:

Gesellschaft Societies

Societies characterized by impersonal, distant, and limited social relationships, often found in modern urban settings, in contrast to close-knit communities.

Social Cohesion

The bond that brings individuals together in a society, fostering a sense of belonging, mutual trust, and support.

Organic Solidarity

A form of social cohesion that arises when people in a society are interdependent, but hold to varying values and beliefs and engage in varying types of work.

Mechanical Solidarity

Unity based on similarity, not difference, of roles.