Question
Dr. Henry and Dr. Rienee are looking to expand their clinic and need to apply for a $500,000 line of credit from Dominican Bank. The
Dr. Henry and Dr. Rienee are looking to expand their clinic and need to apply for a $500,000 line of credit from Dominican Bank. The clinic which is set up as a general partnership owns:
The two-storey house in which the clinic is located, Account receivables owed by patients, and Medical equipment including the latest digital scanners.
Dr. Henry personally owns very little. His home, cottage and a Porsche are all owned by his wife Hillary. Dr. Rienee does not have a spouse and personally owns a house and a portfolio of investments. Identify four ways only the Dominican Bank may reduce its risk in providing the line of credit to Nip Tuk
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