Which provision of commercial loan guarantee allows lender

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Reference no: EM132038527

1. Which provision of a commercial loan guarantee allows a lender to take action against guarantors as needed, and not necessarily on a pro rata basis?

Continuing provision

Joint and several provision

Unconditional provision

Unlimited provision

2. What is the primary difference between a general operating line of credit and a permanent working capital line of credit?

General operating lines of credit frequently have a substantial principal balance

Permanent working capital lines of credit frequently have a substantial principal balance outstanding

Permanent working capital lines of credit generally are closed-end or non-revolving

General operating lines of credit usually fund rapidly growing businesses

Reference no: EM132038527

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