Monroe applied for a loan at the First National Bank. The bank denied the loan because Monroe had a history of not paying his bills. What are Monroe's rights?
None. The bank has the right to consider an applicant's past credit history when deciding whether to grant a loan.
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Which of the following is not classified as a noncurrent liability?
a. Bonds payable b. Capital lease obligations c. Current portion of long-term debt d. Mortgage payable
Explain the role of penal codes and regulatory statutes in criminal law
What will be an ideal response?
John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby. Prince Charming came in last, much to John's frustration and embarrassment. John exclaims in a loud voice, "I'm selling that horse to the first person who hands me $100!" John has
a. made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $100. b. made a firm offer and will be bound by his offer for a reasonable period of time. c. made an acceptance to the first person who can produce $100. d. not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer.
_____ means establishing only one retail outlet in a given area.
A. Intensive distribution B. Wholesale distribution C. Exclusive distribution D. Direct distribution