payment to unsecured loan
This query is : Resolved
16 May 2011
Sir/Madam
I want to know whether a person (proprietor) can give an asset as payment of unsecured loan ?
if yes then whether valuation of asset is necessary or book value is treated as value of asset.
I want to know whether a person (proprietor) can give an asset as payment of unsecured loan ?
if yes then whether valuation of asset is necessary or book value is treated as value of asset.
16 May 2011
the property belong to proprietor and he is set free to revlaue the same or give at book value, provided the market value is similer to the transaction value.
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