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Fact in the loan application

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Reference no: EM131086972

Donna, a minor, takes out a loan from a bank to get her own apartment and includes that fact in the loan application. The bank makes the loan with the understanding that it is to be used for rent payments but does not monitor how the money is spent (and thus fails to learn that Donna uses it to purchase dance lessons). The loan is?

Reference no: EM131086972

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