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Business, 25.05.2021 22:00 Tips101

Catherine was a loan officer who needed one last loan to make her quota for the month. Yvonne, who was only a freshman in college, walked in one day for a loan for a new software business she was starting. She had never dealt with banks before and did not understand the nuances of loans but asked very good questions. Catherine, however, was ruthless and intentionally did not answer the questions accurately. Had Yvonne received accurate answers to her questions, she would not have taken the loan. After six months, Yvonne defaulted on the loan, and the bank pursued her for payment. Does Ms. Gunner have any remedies

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Catherine was a loan officer who needed one last loan to make her quota for the month. Yvonne, who w...
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