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    MARIE1469's Avatar
    MARIE1469 Posts: 2, Reputation: 1
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    #1

    Nov 7, 2010, 06:17 PM
    ACCOUNTING
    Describe how a bank could be harmed if a company seeking a loan did not disclose its contingent liabilities
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 8, 2010, 06:37 PM

    The company may not be able to repay their loan, which means that the bank may not get their money back from the company, nor will they receive the interest that is owed by the company.
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