The statement that says you are required to repay a Non-Recourse Loan is false.
Answer: Option B
Explanation:
While dispensing a non-recourse loan, the lender seeks a collateral. This collateral itself indirectly serves as the repayment of the loan by the borrower. If a borrower do not able to resettle the loan amount, the lender can sell off the collateral to compensate himself for the loan.
But also, the lender cannot ask the borrower for any extra amount of the collateral does not fetch the entire loan amount.
Answer:
It is false
Explanation:
You are not required to pay Non- Recourse Loan.
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