13. Identify the risks described in each statement: 1st: Dependent on the covenants set and agreed in between the lenders and the borrowers. 2nd: Classified as a systematic risk because it arises from...

13. Identify the risks described in each statement:


 1st: Dependent on the covenants set and agreed in between the lenders and the borrowers.


2nd: Classified as a systematic risk because it arises from external forces or based on the movement of the industry.