Some small Kansas banks made loans to Thomas Etheredge to finance the Wild West World amusement park
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Question:
Some small Kansas banks made loans to Thomas Etheredge to finance the Wild West World amusement park in Park City, Kansas, which failed in July 2007, eight weeks after opening. Thomas Etheredge, reputed to be a con man, had actually previously served time in Federal prison after being convicted of securities fraud.In 2010 he was again sentenced to prison for defrauding investors over Wild West World.These small Kansas banks gave insufficient attention to which of the following C's of credit.
A.Character
B.Control
C.Capacity
D.Collateral
E.Conditions
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