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You have provided an incomplete Balance Sheet to the bank and have applied for a...

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Accounting

You have provided an incomplete Balance Sheet to the bank and have applied for a loan. Which of the following statement is incorrect?

a.The bank has a right to all relevant information to make a loan decision.

b.It is your responsibility to provide correct information to the bank.

c.Your interest and the interest of the bank are in conflict.

d.The bank has to extend the loan based on information provided to it, even if such information is incomplete.

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