BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In Take Out Financing there is/are how many parties involve?
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One
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Two
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Three
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Four
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Explanation:
Detailed explanation-1: -But in some situations, the buyer may wish to buy a property that is under construction and to fund the purchase, chooses to take out a home loan. In such a case, the agreement shall be between 3 parties mainly – the buyer, the seller, and the bank, this agreement is known as a tri party agreement Agreement.
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