Confessions of Judgment. (Legal Jargon).(Brief Article)

Business Credit | January 1, 2002| | Copyright

As a credit professional working for a supplier or contractor, you commonly receive requests from customers who have no problem with your company's performance but need more time to pay because of cash flow or related financial problems. You may be strongly inclined to work with the customer, both to preserve the commercial relationship and to avoid the time and expense of a lawsuit. However, what if the customer ends up not paying even after having been given more time? You still have to go through the time and expense of a lawsuit. Additionally, the customer, no longer ...

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