Which of the following is not true about security


Which of the following is not true about security provisions and protective covenants usually included in loan contracts? a. Periodically, financial statements must be sent to lenders. b. Negative covenants include limits on the amount of dividends that might be paid. c. Security features include the assignment of payments due under a specific contract to the lender. d. Automatic loan repayment acceleration if the borrower is in default on any loans outstanding. e. Negative covenants include limits on the amount of working capital that the borrower can maintain.

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Financial Management: Which of the following is not true about security
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