Savings and Loan Associations Typically Specialize in Loans For

question 21

Multiple Choice

Savings and loan associations typically specialize in loans for:

• A)equipment.
• B)inventory.
• C)real property.
• D)accounts receivable.

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Definitions:

Unconscionable

A term describing actions or terms that are so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.

Express Warranty

An explicit guarantee by the seller about the condition or quality of a product.

Utilitarian Test

A principle in ethics that evaluates actions based on their outcomes, aiming for the greatest good for the greatest number.

Negligent

failing to take proper care in doing something, often resulting in harm or damage.