Problem: You represent the borrower in a loan agreement. The bank wants the borrower to make a representation regarding his material default if he is late making payments for over 30 days in a row on the loan. Draft a representation to look out for the best interest of your client, the borrower in this scenario, then briefly explain why you are drafting the representation in the manner that you have chosen. For full credit, you must actually draft the representation, and then explain why you drafted it that way.