Question: When granting a commercial loan request, for what purpose must a business banker obtain the partnership or corporate resolution and or the partnership or corporate

When granting a commercial loan request, for what purpose must a business banker obtain the partnership or corporate resolution and or the partnership or corporate certificate of authority? To describe exactly what collateral secures the loan To verify that the business promises to repay the amount borrowed with interest To determine the legal structure and identify the parties that legally represents the borrower To establish the rights of the lender and the borrower

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