XYZ Pyt. ltd. and HAL Pyt. ltd. both are partners. XYZ took a loan for which HAL
Fantastic news! We've Found the answer you've been seeking!
Question:
XYZ Pyt. ltd. and HAL Pyt. ltd. both are partners. XYZ took a loan for which HAL gave a guarantee to the bank. Bank finds out HAL is a $2 dollar company. So, will the guarantee given by HAL can be transferred to XYZ pyt. ltd or not?
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date: