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nirvana33 [79]
3 years ago
13

After much searching, mort located an old banking friend of his father's. the banker offered mort up to $25,000 in unsecured fun

ds, which mort's firm could borrow any time within a year, as long as the bank has the money available. mort was offered a(n): revolving credit agreement. asset guarantee pledge. pledging agreement. line of credit.
Business
1 answer:
sammy [17]3 years ago
7 0

With the explanations given above, Mort was offered a line of credit. A line of credit is the agreement of a bank with a business to make a maximum amount of money available to them in an unsecured, short-term loan. The agreement is however dependent on the bank’s availability of funds.

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Chaz is not to transfer the duties to a third party if Dolly got into the agreement with Chaz for any of the following;

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