Unit quiz: Producing the artifacts: the comparison sheet, the evidence calendar, truthful outreach, the counterparty file and the auditable packet

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5 questions · 80% to pass · no timer. This quiz checks the lessons in this unit. These authored questions assess recognition and application of the taught distinctions, not professional qualification. You may review the lessons and retry. Repeat attempts reuse the question bank; a remembered answer is not proof of transfer to a new situation.

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Question 1

You inherit an outreach email whose second sentence offers 'an SBA-backed advance with approval guaranteed in 24 hours' and whose footer has an unsubscribe link. The merchant list was bought from a vendor. Write the decisions and the tests.Delete the affiliation and the guaranteed approval, since neither can be supported by a document and both are the claims this course prohibits; verify and test the footer rather than assuming it, because the opt-out mechanism must remain capable of receiving requests for no less than 30 days after transmission; check the list against suppression before sending; and read the channel rules for the technology actually used, which for calls or texts to mobile numbers imposes a prior express written consent standard rather than an opt-out line.Keep both claims but add a disclaimer that approval is subject to underwriting, and rely on the vendor's warranty that the list was lawfully collected, since the vendor is the sender's compliance provider.

Question 2

A vetting file for a funder shows four unresolved checks, one failed check on the funder's own contract template, and a current registration. The funder's representative says the failed item is 'standard language everyone uses'. What is the output and the note?Yes with a caveat, because the registration is current, the failed item is common in the market, and the merchant can rely on the clause being unenforceable in the state where the contract sits.Not yet: unresolved blocks exactly as a fail blocks, so seven items block the file; the note records the specific template findings, what each unresolved row needs to clear it, and states plainly that the file does not allege dishonesty or predict an outcome, and that registration is read as of a date because it can lapse.

Question 3

A colleague hands you a packet with a decision line on page one, a comparison sheet without footnotes, and no assumptions log, and asks you to review it in ten minutes. Write the review.Return it unfinished: the decision line has been written before the evidence items that would qualify it, the sheet's missing footnotes remove the denominators and the timing assumptions a reader needs to reproduce the arithmetic, and the absent assumptions log leaves the falsifiers unstated, so the reviewer's three tests cannot be answered for most items.Approve it with a note that the order is unusual, since the arithmetic in the sheet appears internally consistent and the decision line is the part the merchant will read anyway.

Question 4

Two funders quote the same merchant. Funder one's disclosure lists nine numbered items and includes the broker-compensation line; funder two's document lists six and includes an annualized rate. The merchant asks which document is more honest. Answer him.Funder one's document is more complete because nine items cover more than six, so the merchant should treat the shorter document as less transparent and press for the missing items.Neither: the lists belong to different jurisdictions and different policy choices, so the honest comparison is which items the governing regime for this merchant requires and whether each document carries them, plus whether the conditional rows are marked, rather than a ranking of documents by length.

Question 5

A merchant's file contains a financeable offer, a clean vetting file, and one clause in the contract requiring disputes to be heard 1,150 miles away, with two witnesses needed. Before presenting the file, what does the packet include on that point, and why?A clause row in the packet stating the clause's own words, the fact that the governing state's law makes an out-of-state forum clause unenforceable and that face-to-face arbitration outside the recipient's jurisdiction cannot be required, the provider paying the arbitrators' costs, and a price for the risk of not raising it, using the computed $2,790.00 of travel and business time.A note that the clause is unenforceable, so no further action is needed, since a provision that cannot be enforced in the state is not a risk the merchant carries.

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