Question

QUESTION 1 An Indemnity may be satisfied by: Cash Payment Replacement of what was damaged Repair of what was damaged All of the above QUESTION 2 The Financing form where a company receives funding to purchase materials to satisfy a customer order is called: Secured Loan Factoring Bank Loan Purchase Order Factoring QUESTION 3 None of the owners of a company that receives a SBA 7(a) loan are required to provide personal guarantees. True False ĚO OOO

Answer 1

Question 1)

The correct answer is "All of the Above".

Supporting explanations:

Indemnity means one party/person getting into a strict obligation in order to repay or compensate the loss that has happened to second party/person. This repayment or compensation may be in the form of paying cash to the second party or replacing an item for the value of the loss that has happened to second party or repairing the item that has been damaged by the first party who needs to repair.

Therefore, it includes all the of three options, hence, the correct answer is "All of the Above".

Question 2:

The correct answer is "Purchase order factoring"

Supporting explanations:

Purchase order factory means it provides an option to finance a short-term loan which is used a capital in order to pay the supplier of materials in case of receipt of purchase orders.

The other options given are not in relation to the given case in the question, hence, the correct option is Purchase order factoring.

Note: As per HOMEWORKLIB RULES,, the first multiple choice question should be answered but i have answered the first two multiple choice questions, hence, please post the remaining questions separately.