Bank Guaranty Terms and Conditions Quiz
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Questions and Answers

According to the terms and conditions, what happens if the customer's employment ends?

  • The customer is no longer required to provide any guaranty to the Bank
  • The customer's guaranty is no longer valid
  • The customer must provide a new guaranty to the Bank (correct)
  • The customer's guaranty automatically extends until fulfillment of obligations

    • What authority does the customer give to the Bank until fulfillment of obligations?

  • Full authority to receive any funds without any restriction or condition (correct)
  • Limited authority to receive funds from others or entities
  • Authority to receive funds only from formal entities
  • Authority to receive funds only after the fulfillment of obligations

    • What does the customer confirm regarding liabilities that might affect the fulfillment of obligations?

  • The customer confirms liabilities will not affect fulfillment of obligations
  • The customer confirms freeing of any liabilities (correct)
  • The customer confirms liabilities will prevent execution of the contract
  • The customer confirms adherence to new finance obligations

    • When would the customer be in default according to the terms and conditions?

    <p>In case of breaking any contract condition</p> Signup and view all the answers

    What action will be taken in case of installment delinquency based on the contract?

    <p>The Bank will notify the customer and ask for payment within 30 days</p> Signup and view all the answers

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