employer can dismiss the worker for any reason or no reason during that time. Sometimes workers also

receive lower pay during this trial period.

In the financial capital market, before a bank makes a loan, it requires a prospective borrower to fill out forms

regarding incomes sources. In addition, the bank conducts a credit check on the individual’s past borrowing.

Another approach is to require a cosigner on a loan; that is, another person or firm who legally pledges to

repay some or all of the money if the original borrower does not do so. Another approach is to require

collateral, often property or equipment that the bank would have a right to seize and sell if borrower does not

repay the loan.

Buyers of goods and services cannot possibly become experts in evaluating the quality of gemstones, used

cars, lawyers, and everything else they buy. Employers and lenders cannot be perfectly omniscient about
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