The freedom of speech granted by the United States Constitution is an example of substantive law.
Answer the following statement true (T) or false (F)
True
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The acquisition cycle begins with which of the following?
a. A payment. b. A purchase order. c. A requisition. d. A receiving report.
When a buyer breaches a contract, the risk of loss remains with the seller.
Answer the following statement true (T) or false (F)
If the SBA makes a loan guarantee, the guarantee is only ________. If the original borrower defaults, the government will repay the obligation up to the ________
A) to the borrower; loan balance B) to the public at large; percentage of the SBA guarantee C) to the lending institution; percentage of the SBA guarantee D) to the lending institution; loan balance
On loans that are locked in at an interest rate, there is zero tolerance for errors in disclosures on the GFE
Indicate whether the statement is true or false