all of the following types of clauses are intended to protect a lender's interests if the borrower defaults on a loan EXCEPT

1 answer:

4 0

All of the following types of clauses are intended to protect a lender's interests if the borrower defaults on a loan EXCEPT exculpatory clause.

What is a lenders interest?

This is the clause that is done in order to take care of the payment that the borrowers has to make back to the lender based on the loan that they collected.

This clause is done with the interest of the person that gave out the money in mind. This is in order to avoid issues that may arise when payment is due.

<h3>What is the exculpatory clause?</h3>

This is the idea that a person is not going to be responsible for or held for damages if there happens to be issues with the contract, that may appear in the form of damages.

If the other party is inured, the other party would be free totally from all forms of damages.

Read more on money lending here: brainly.com/question/26054995

#SPJ1

You might be interested in

For each of the three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the

maxonik [38]

Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.

Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>

<h3>What is consumer surplus?</h3>

Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.

Therefore, the correct answer is as given above.

learn more about consumer surplus: brainly.com/question/380921

#SPJ1

The complete question goes thus:

For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.

Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________

4 0

2 years ago

In the modern model of the atom over 99. 9 of the atom is made up of.

Allisa [31]

Earth or the galaxy. Im sorry if i’m wrong But this is my answer

7 0

3 years ago

The dipole moment of the water molecule (h2o) is 6.17×10−30c⋅m. consider a water molecule located at the origin whose dipole mom

Bingel [31]

Answer:

6.58 X 10⁻¹³ N