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Ashorn Ashorn
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Businesses are often required to extend credit as a means of increasing sales. Before granting credit, businesses are encouraged to take any of the following steps EXCEPT
a. take advantage of the available public records of credit history, proposals, and bankruptcies.
b. search both the corporate name of the debtor and its directors and officers to determine if the company is merely a fresh start after a bankrupt business.
c. not request personal guarantees of the principals because the company’s agreement to pay will always suffice.
d. take security in the goods provided.
e. set up a control system to monitor lien periods for building supplies and limitation periods.
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The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
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AlexStanfordAlexStanford
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Ashorn Author
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6 years ago
Thanks!
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