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Norman Bank made a loan of $ 1 , 0 0 0 , 0 0 0 to Jarod LeFevre. Jarod has declared bankruptcy and Norman
Norman Bank made a loan of $ to Jarod LeFevre. Jarod has declared bankruptcy and Norman Bank has just
learned that the judge in the case has ruled that Jarod does not have to pay any of the loan back or forfeit any of his
assets. Which type of risk would this be an example of
Operational risk
Legal risk
Compliance risk
Strategic risk
Reputation risk
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