In the lending process, it is the legal counsel's responsibility to: (Select ALL correct answers)
Review Later
Review the documents and ensure that they are correct and enforceable.
Ensure the accuracy of any asset valuation(s).
Advise the borrower to prepare documentation such as a real estate appraisal and accounts receivable listing, in support of the loan application.
Advise the guarantor that they will be liable to remedy the default if the borrower fails to make a payment on time.
Determine whether the borrower has the legal capacity to enter into the loan agreement.