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QUESTION
A loan will never be treated as a recourse loan under which of the following conditions?A loan is part of a wrap-around arrangementA loan-reimbursement plan existsA partner loans money to a partnershi
A loan will never be treated as a recourse loan under which of the following conditions?
A loan is part of a wrap-around arrangement
A loan-reimbursement plan exists
A partner loans money to a partnership
No one bears the economic risk of loss
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