In the event of default involving a commercial loan,the potential claims against any shareholders personally are defined by the contracts of guarantee they sign with bank.

Question

Quizplus · Accepted Answer

The potential claims against shareholders personally in the event of default involving a commercial loan are defined by the contracts of guarantee they sign with the bank. These contracts may require shareholders to personally guarantee all or part of the outstanding debt, making them potentially liable for repayment if the borrower defaults on the loan. Therefore, the answer is true.

In the Event of Default Involving a Commercial Loan,the Potential