Unformatted text preview: been denied. In doing so, they may find out that her statements were falsified. She is putting herself and her company at risk for lawsuits, and other legal actions. This may even include jail time if the amount of the loan is significant enough. She will also no doubt be reliable for repaying all of the loan, perhaps causing her company to go under in the process. I do not agree with Annette’s actions as a business owner. She needs to be honest on her statements, and wait until a further time when she has more capital, and credit to apply for the loan. Wendy Eller...
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This note was uploaded on 12/08/2009 for the course AC114 AC114 taught by Professor Duchac during the Fall '09 term at Kaplan University.
- Fall '09