Answer:
the correct choice is C:
Any business looking for a loan must be responsible for the same.
Step-by-step explanation:
This principle is entrenched in the principles of Credit.
Traditionally, there are 5 Cs which govern credit analysis and flow of funds to businesses:
- character
- capacity
- condition
- capital and
- collateral
The requirement for collateral indirectly places a demand for the business owner to take responsibility for the funds.
Cheers!