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Question 16 0.5 pts PetroPar Bank has lent Zhamsul Limited $3 million. Part of the loan contract prevents Zhamsul Limited from borrowing money in the
Question 16 0.5 pts PetroPar Bank has lent Zhamsul Limited $3 million. Part of the loan contract prevents Zhamsul Limited from borrowing money in the future from any other financial institutions without the prior permission of PetroPar bank. As a result of this relationship: a parent-subsidiary relationship is regarded as existing between these two parties as PetroPar Bank is able to direct the relevant activities of Zhamsul Limited a parent-subsidiary relationship does not exist between these two parties Zhamsul Limited is regarded as an associate of PetroPar Bank as PetroPar has significant influence in Zhamsul Limited PetroPar Bank is regarded as a parent company of Zhamsul Limited
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