A clause that states that a bank can make a major change to the terms of a guarantee as it may see fit and the bank does not have to give notice or get the consent of the guarantor is
A) illegal
B) is legal if the bank gives the guarantor notice of the change but their consent is not needed
C) is legal only if the bank gets the guarantor's consent
D) unenforceable if guarantor has repaid most of the debt already
E) a material variation clause
E
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Which of the following accounts, will only be found in the chart of accounts of a merchandising company?
A) Sales B) Accounts Receivable C) Merchandise Inventory D) Accounts Payable
In certain circumstances a child with very little income may have at least a portion of their income taxed at the trust and estate tax rates.
Answer the following statement true (T) or false (F)
Canberry Corporation had net income of $110,000, beginning total assets of $820,000 and ending total assets of $730,000. Its return on total assets is:
A. 745% B. 14.2% C. 664% D. 13.4% E. 15.1%
Identify the four factors in determining team roles.
What will be an ideal response?