A friend is a white household, and the bank has a debt of 2 million and the intermediary says to giv

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Summary. Hello <>

If the identity of the bank lender cannot be confirmed, it may cause difficulties in their loan application. If the intermediary promises the "white household" a compensation of $1 million in lieu of a $2 million debt, then the act itself may be suspected of fraud or other illegal acts, as the intermediary has no authority or legal basis to make such a decision on behalf of the bank's creditors. If the lender chooses to accept the intermediary's offer to exchange the $2 million debt for $1 million in compensation, there may be legal liability.

This may be seen as a breach of contract or fraud, with serious consequences for both the debtor and the intermediary, such as the possibility of legal action or higher liability. <>

A friend is a white household, and the bank has a debt of 2 million and the intermediary says to give 1 million, what will be the consequences?

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If the identity of the bank lender cannot be confirmed, it may cause difficulties in applying for a loan. If the intermediary promises to the "white household" a compensation of $1 million in lieu of a $2 million debt, then the act itself may be suspected of fraud or other illegal acts, as the intermediary has no authority or legal basis to make such a decision on behalf of the bank's creditors. If the lender chooses to accept the intermediary's offer to exchange the $2 million debt for $1 million in compensation, there may be legal liability.

Closure can be seen as a breach of contract or fraud, with serious consequences for both the debtor and the intermediary, such as the possibility of legal action or higher liability. <>

The law stipulates the formation, performance and termination of contracts. If the intermediary undertakes to make compensation on behalf of the bank creditor, it may involve the formation and performance of the contract, and the relevant provisions can be used for reference. "Law of the People's Republic of China on Criminal Hardship and Hypocrisy":

This law regulates various criminal acts and corresponding criminal liability. Fraudulent acts may constitute criminal offences, such as fraud. If the intermediary fraudulently makes the debtor accept unfair compensation terms, it may violate the relevant provisions of the criminal law.

Civil Procedure Law of the People's Republic of China: This law provides for civil procedure and related legal safeguards. The debtor or bank creditor can protect their rights and interests through civil litigation procedures and pursue the legal liability of the defaulting party.