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11111nata11111 [884]
3 years ago
13

Explain the debtor-creditor relationship.

Business
2 answers:
astra-53 [7]3 years ago
8 0

"All credit is based on trust. A debtor - creditor relationship is a legal relationship that exists between the two parties. This relationship is based on good faith that both parties will uphold their end of the agreement. The debtor must repay the creditor based on the terms of the agreement."

Hope this helps. c: 

Helen [10]3 years ago
7 0
A debtor<span> is someone who owes a financial obligation (a “debt”) to another, known as the </span>creditor<span>. An example of a </span>debtor-creditor relationship<span> is where a bank lends money to an individual or company, on the basis that the money has to be paid back at some point to the bank</span>
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You should FOLLOW UP on items that: ______________, _________________, ________________.
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The concept of risk management is based on an assessment of benefits gained compared to the ___:
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4 years ago
Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
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