Business Studies

state the following statements are True or False:
An individual can become a part of the company if the individual purchases the companies debt. 


ANSWER

False


SOLUTION
An individual can become a part of the company if the individual purchases the companies debt- this is a false statement as debt is known as borrowed fund of the company and the person who purchases companies debt are known as the borrowers.
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TRUE/FALSE Medium Published on 18th 08, 2020
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