Question

PLEASE HELP ASAP!!!

Question: Your family may lend you money based on......?

A): Obligation

B): Your sound business plan

C): Your strength of character

Answer 1

strength of your character

Step-by-step explanation:

“Family and friends are great sources of financing,” says Tonia Papke, president and founder of MDI Consulting. “These people know you have integrity and will grant you a loan based on the strength of your character.”

Quote from textbook

Answer 2

The answer could be any of these. This is not a fair question.

I believe that question is trying to get you to lean towards answer C because theoretically your family would know your character better than a bank might.