Elena operates a computer consulting business. She has a small number of large clients whom she bills
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Elena operates a computer consulting business. She has a small number of large clients whom she bills monthly. Elena is seeking a loan from Northern Bank. How could Northern manage its risk that Elena will default on a loan from Northern if the business has no significant physical assets?
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Even if the business has no assets it may be that Elena has personal assets Assu...View the full answer
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Related Book For 
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0132164429
4th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
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