Question

36. True or False. Most credit cards issued by the banks are “unsecured lending” to the holders of those credit cards.

37. True or False A corporation is just another name for an LLC8

38. True or False.  Most credit cards issued by the banks are “unsecured lending” to the holders of those credit cards.

Answer 1

36)

Credit cards are credit provided to income earning populace or sometimes even non income earning populace in such a manner that the credit is revolved over every month once the dues are paid. This form of credit is unsecured as there is no security backed by the credit.

Answer is True

37)

LLC is a limited liability company which is a hybrid structure of both partnership and a corporation.

Answer is False

38)

Credit cards are credit provided to income earning populace or sometimes even non income earning populace in such a manner that the credit is revolved over every month once the dues are paid. This form of credit is unsecured as there is no security backed by the credit.

Answer is True