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Commerce · Q530

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 530

Q530

Banks generally prefer to extend finances to registered firms only, because:

A.
banks will have priority over creditors in case of liquidation of the firm
B.
the firm can sue the debtors in case of default on their part
Answer
C.
banks can sue the firm in case of default
D.
the creditors can sue the firm

Answer: Option B

Solution

Answer: Option B
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