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What kind of loan would you offer to a poultry farmer

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Reference no: EM132757736

Question - THE CLASSIFICATIONS OF CREDIT

Q1. Mr. P obtained a Php 200,000 cash loan using a 5-year old van with a market value of Php 120,000. Is this loan secured?

Q2. What kind of loan would you offer to a poultry farmer who wants to build his poultry housing for broilers? What would be the appropriate term or maturity?

Q3. ECQ Shoppers Mart obtained cosmetics from GCQ Boutique for 120 days. What kind of credit is this?

Q4. A wealthy entrepreneur, with an excellent credit reputation, co-signed a promissory note of Pete (borrower) on a Php 25,000 loan. He guaranteed the loan. Is this a secured loan? What kind of loan?

Reference no: EM132757736

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