Question
Which statement is correct? Group of answer choices A. None of the answers are correct. B. Before accepting a guarantee, you must sign a waiver
Which statement is correct?
Group of answer choices
A. None of the answers are correct.
B. Before accepting a guarantee, you must sign a waiver of your legal rights.
C. According to the Banking Code of Practice, when providing a guarantee, the bank has no obligation to provide information of the specific amount and/or category of amounts, such as all amounts owing under a specific loan, plus other liabilities and amounts as described in the guarantee (for example, interest and recovery costs).
D. Before accepting the guarantee, you should obtain independent legal and financial advice.
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