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Sonbull
1 month ago
8

A lender might investigate a borrower’s personal assets if that borrower was part of which of the following organizations?

Business
1 answer:
Free_Kalibri [3.7K]1 month ago
4 0

A lender may examine a borrower's personal assets if that borrower is affiliated with which of the following entities?

General partnership

Corporation

Limited partnership

REIT

A general partnership involves lenders checking the individual assets of the borrower.

Answer: Option A

Explanation:

A general partnership is defined as a collaborative business arrangement where partners entering together share all assets, liabilities, and profits collaboratively.

It represents the fundamental type of partnership recognized under common law in many countries. The partners come together to conduct the business with a mutual agreement. It is an unincorporated entity possessing a proof of existence.

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Response:

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