Sam is a factory manager and has purchased a new fixed asset on a loan purchase agreement. There is a forbearance agreement between the Factory and the provider. What does this mean?
A.
the lender agrees to give the breaching party a period of time as an extension by which to meet their obligations
B.
the lender requires the buyer to assign a guarantor in case they cannot make payments
C.
the lender is able to demand full payment of outstanding balances in case of none pay-ment
D.
the lender is able to charge interest on the purchase in line with RPI
1 is the correct answer. This is a direct quote from p. 104 of the study guide.
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