_8. The lender can force the entrepreneuư into bankruptcy if he/she cannot pay his/ her loan payments. _9. To force a borrower into bankruptcy for not moking their loan payments every month, the lender must go to court and prove that the business owner cannot pay the debt. _10. If a corporation goes barkrupt, lenders can go after the assets of the corporation, and not of the owners.
_8. The lender can force the entrepreneuư into bankruptcy if he/she cannot pay his/ her loan payments. _9. To force a borrower into bankruptcy for not moking their loan payments every month, the lender must go to court and prove that the business owner cannot pay the debt. _10. If a corporation goes barkrupt, lenders can go after the assets of the corporation, and not of the owners.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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