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NEW QUESTION: 1
First National Bank made a loan to Lawrence & Co. for the purpose of purchasing landscape equipment, secured by a storage lot the company owneD. The borrower made payments for a year and then defaulteD. Three months passed without any communication or payments from the borrower, despite the bank's efforts to locate the company's owners. The company appears to have ceased operations. What is the bank's BEST course of action?
A. Report the property as abandoned
B. Do nothing, because the bank has no actual knowledge of abandonment and has not foreclosed on the property
C. Make reasonable inquiries to determine whether the property is abandoned and if so, report it as abandoned
D. Locate the borrower, foreclose on the property, and report the transaction as a foreclosure
Answer: C

NEW QUESTION: 2
Which process would ensure that utility and warranty requirements are properly addressed in service designs?
A. Availability management
B. Release management
C. Design coordination
D. Capacity management
Answer: C

NEW QUESTION: 3

A. Option B
B. Option A
C. Option D
D. Option C
Answer: D