Kentile sold goods over an extended period of time to Winham. The credit relationship began without Winhams
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Kentile sold goods over an extended period of time to Winham. The credit relationship began without Winham’s being required to furnish a financial 816 Part 5 Debtor-Creditor Relationships statement. After a time, payments were not made regularly, and Kentile requested a financial statement. Winham submitted a statement for the year just ended. Kentile requested a second statement. The second statement was false.
Kentile objected to Winham’s discharge in bankruptcy because of the false financial statement. Should the discharge be granted? Why or why not?
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Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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