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Peter and Jame are the equal shareholders of the Equitable company established in 2002 recently,the company has been experiencing financial problems and has been unable

Peter and Jame are the equal shareholders of the Equitable company established in 2002 recently,the company has been experiencing financial problems and has been unable to repay a loan of ghc5000 from the able bank ltd.The bank is threatening to sue Peter and James in respect of the loan.Advice the parties.

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