Question: 1 Describe how a cash loan and a purchase loan

1. Describe how a cash loan and a purchase loan differ.
2. Distinguish between a secured and an unsecured loan.
3. Describe when a lender might enforce an acceleration clause on a loan, and explain the impact of such an action by the lender.
4. Differentiate between an installment purchase agreement and a conditional sales contract.


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  • CreatedNovember 26, 2014
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