Question 1 of 10 Which of the following is an obligation of creditors in the debtor-creditor relationship? A. To make threats to

Question

3 years ago

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Question 1 of 10 Which of the following is an obligation of creditors in the debtor-creditor relationship? A. To make threats to

collect payment B. To pay the loan in full and on time C. To communicate when payment can't be met D. To disclose hidden fees and charges SUBMIT

Law

1 answer:

meriva · Answer 1 · 2022-08-05T01:08:54+03:00

Answer: C. To communicate when payment can't be met

Explanation:

A creditor refers to the individual who lends another person something e.g money. On the other hand, the debtor is the person who borrows something.

It should be noted that the relationship between the creditor and the debtor is important in order vital to be able to achieve operational excellence.

An obligation of creditors in the debtor-creditor relationship is to communicate when payment can't be met.