Imagine you open a shoe store in Albany after working at Wal Mart for 10 years and saving a little money each month. You use all that money to make a down payment on a loan that you will have 20 years to pay off. Once you open your store, a customer comes into the store, slips on a soda spilled by another customer and then sues you for $1 million and wins. What did you risk opening the store? * 10 points
A chance to sell really good shoes.
Your reputation.
The amount of money you borrowed.
The amount of money you borrowed, 10 years of work and savings, 20 years of debt, the cost of the lawsuit and a way to buy food, shelter, and clothing after you are forced to close the store.