The Only Quantitative Measure of a Consumer Loan Applicant's Character

question 5

Multiple Choice

The only quantitative measure of a consumer loan applicant's character is their:

• A) down payment.
• B) home equity.
• C) time on the job.
• D) credit report.
• E) credit card balance.

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Definitions:

Breach of Warranty

A violation of the terms of a warranty or guarantee, often related to the quality, condition, or performance of goods or services.

Statute of Limitations

The maximum time period after an event within which legal proceedings may be initiated.

Contractual Remedies

Legal actions or methods available to a party of a contract to enforce or rectify terms if the other party breaches the agreement.

Breach Victims

Individuals or entities that have suffered harm or loss as a result of a breach of contract, duty, or law.