Can a partner give an unsecured loans to firm ?
This query is : Resolved
Amit Kumar Sharma
(Querist)
18 July 2012
My Question is to confirm that Is it possible to a partner to give an unsecured loans to the firm in which he is a partner....???
as well if he can, so what are the possible condition on which he can give unsecured loans to the firms.....
thanks
as well if he can, so what are the possible condition on which he can give unsecured loans to the firms.....
thanks
Yogesh Agarwal
(Expert)
24 July 2012
Yes a partner can give unsecured loan to firm on a mutual terms and conditions...
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