Question: (a) What basis is there for a borrower to object to certain restrictions on a contract that will be assigned to its lender? (b) What

(a) What basis is there for a borrower to object to certain restrictions on a contract that will be assigned to its lender?
(b) What objections can be raised by the other party to the contract?
(c) What are the arguments that can be raised by various parties to oppose a request by a lender that its loan be personally guaranteed by shareholders or by another corporation?
(d) What advice should the bank's attorney give about taking a guaranty from Lumber Corporation?

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a Newcorp does not want Bank of Hope to interfere in the running of its business by approving or disapproving daytoday decisions made in performing it... View full answer

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