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Which of the following are purposes of a loan agreement? 1. Identify how the lender and the borrower will communicate 2. State the intentions of

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Which of the following are purposes of a loan agreement? 1. Identify how the lender and the borrower will communicate 2. State the intentions of both the borrower and lender in regard to the loan 3. Both attach and perfect a security interest in collateral 4. State the risks associated with the loan 1 and 2 1,2 , and 3 2,3, and 4 3 only

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