Is a broker allowed to take property for himself?
Side Burner asked:
Let’s say a broker has given a loan to a small business but the business fails to pay him back. Is the broker allowed to take the small business for himself? Or does the bank get the business?
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on Sunday, May 10th, 2009 at 12:00 am and is filed under Law & Ethics.
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Let’s say a broker has given a loan to a small business but the business fails to pay him back. Is the broker allowed to take the small business for himself? Or does the bank get the business?
May 10th, 2009 at 6:53 am
Yes he can buy his own property. Why would it be illegal?