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Giving a Loan and Credit Provision. What are the
differences and the similarities of the two?
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Answer Posted / kusumi
giving loan is comparatively new to the credit provision,but
credit is as old as our civilization,credit provision can b
a mouth contract,can be not in written form,but giving a
loan is totally contract on paper,and the similarity is that
both create liability on the receiver,an obligation to pay
the debt.
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