Exam L5M3 Topic 1 Question 91 Discussion

Actual exam question for CIPS's L5M3 exam
Question #: 91
Topic #: 1
Dianne has a loan agreement which contains a clause for default. What does a clause for default imply?

Suggested Answer: D Vote an answer

A Clause for Default 'allows the lender to demand full payment of the outstanding balance'. See p.102. And always read the small print before you sign a loan agreement :)

by Vito at Oct 27, 2026, 12:38 PM

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