Question: Which one of these statements is NOT a factor in classifying a deal as specialized lending: a) The primary source of loan repayment is the

Which one of these statements is NOT a factor in classifying a deal as specialized lending:
a) The primary source of loan repayment is the repayment capacity of an up-and-running company.
b) The counterparty currently has no substantial assets other than those used for the project/initiative.
c) The loan is granted to a legally recognized entity which is created specifically to finance and/or manage the work in question.

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