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A loan will NEVER be treated as a recourse loan under which of the following conditions? A.) A loan is part of a wrap-around arrangement.

A loan will NEVER be treated as a recourse loan under which of the following conditions? A.) A loan is part of a wrap-around arrangement. B.) A loan-reimbursement plan exists. C.) A partner loans money to a partnership. D.) No one bears the economic risk of loss.

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