To fund a new building project, Kuhl Corporation enters into a contract with Bank of Highlander to lend them the money. This is an example of which type of agreement?
A) Employment
B) Service
C) Invention
D) Loan agreement

Question

Quizplus · Accepted Answer

This is an example of a loan agreement, where Bank of Highlander agrees to lend money to Kuhl Corporation for their new building project.

To Fund a New Building Project, Kuhl Corporation Enters into a Contract