Which of the Following Is NOT One of the Pre-Contractual

question 5

Multiple Choice

Which of the following is NOT one of the pre-contractual requirements for a binding credit agreement?

• A) The credit contract must clearly state the purpose for which the credit is provided.
• B) The credit provider must give the borrower a statement of financial details.
• C) The borrower must be given a statement of their rights and obligations.
• D) The credit contract must be in writing, signed by the borrower and the credit provider.

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Definitions:

Credibility

Credibility involves being trustworthy and reliable in what is communicated or presented to others.

Media Richness

A theory that evaluates different communication media by their ability to reproduce the information sent over them, affecting how effectively they convey complex messages.

Self-disclosure

The act of revealing personal information about oneself to others, which can help in building trust and relationships.

Acoustic

Pertaining to sound, its generation, transmission, and effects.