Economy, asked by bhoomikabhoomikaks40, 6 months ago

unique features of Debtor's and creditor's relationship

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Answered by abisheaksabu
1

Answer:

A creditor is a party who lends money or extends credit to another party, the debtor. ... The critical requirement of the creditor-debtor relationship in business is a debt agreement (or contract) stating explicitly the legally binding rights, responsibilities, and obligations of both parties.

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