Fascinating Thoughts: ACKNOWLEDGEMENT OF DEBT – HOW (IR) RELEVANT

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Monday, September 8, 2008

ACKNOWLEDGEMENT OF DEBT – HOW (IR) RELEVANT

ACKNOWLEDGEMENT OF DEBT – HOW (IR) RELEVANT The more I think of it the more it seems farcical to me that one’s debt needs to be acknowledged at specified intervals. The following illustrations lend credence to my contention. CASE – 1 – ‘A’ borrows money from a bank. In the interest of both, they... Sign in to see full entry.

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