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Question (1) Which of the following are purposes of a loan agreement? 1. Manage weaknesses through covenants and conditions 2. State the intentions of both

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Question (1) Which of the following are purposes of a loan agreement? 1. Manage weaknesses through covenants and conditions 2. State the intentions of both the borrower and lender in regard to the loan 3. Attach and perfect a security interest in collateral 4. State the risks associated with the loan 1, 2, and 3 1 and 2 2, 3, and 4 3 only

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