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(C) Loans from others is the right answer. Thanks.
HI
LET'S AGREE THAT UNSECURED LOAN IS THE LOAN ISSUED WITHOUT HAVING ANY FALL-BACK POSITION THAT IS INCASE THE LOAN DEFAULTED OR IN ANOTHER WORDS INCASE OF ANY EVENTUALITY THE ISSUER OF LOAN WILL SUFFER A TOTAL LOSS THEREFORE IT IS ADVISABLE TO TAKE VARIOUS SECURITITIES SUCH AS LEGAL MORTGAGE, CHATTELS MORTGAGE, LIEN OVER CASH DEPOSIT AND OTHERS SO THAT WHEN SOMEONE DEFAULT THE SECURITY WILL BE REALISED TO SETTLE THE DEBT OUTSTANDING.
BACK TO OUR QUESTION IT IS NOT EASY TO SAY WHICH ONE IS UNSECURED UNLESS WE PROVIDED WITH ADDITIONAL INFORMATION ABOUT THE ARRANGEMENT OF EACH LOAN.
REGARDS
P.H.MAHABA
Short termed loans from banks
c) Loans and advances from others.
c is the right answer loan and advances from others
the correct answer to this question is (C)
Loan from Banks are not unsecured.
The example of secured loan is A) Acceptance of fixed deposits.
(b) Creation of Sinking Fund
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