Question

REVIEW QUESTIONS:1. What are the reasons why most of us used the extension of credits?2. Given the chance/opportunity to have a business what kind/ type of loan are yougoing to ask the bank to extend to you and why?3. What advice would you give to the customer to avoid bad debt?4. How would you build a successful relationship as a creditor to the debtor and viceversa? Explain your answers.​

Answer 1

Answer:

4...This relationship may be created by the failure of the debtor to pay damages to the injured party or to pay a fine to the community; however, the relationship usually implies that the debtor has received something from the creditor, in return for which the debtor has promised to make repayment at a later time.