Printer Friendly

Forego the interest.

Before lending money to Boon Huat, it would better if Bernstein could ask him the reason for the loan.

After that Bernstein should have a discussion with his wife not only because Boon Huat is her brother, but also he should treat his wife like a member of the family. They should share their decisions.

If Boon Huat used the money correctly and at the same time Bernstein has cash to spare, he could lend him the money. Boon Huat lost the money on gambling, it is certainly not a good habit.

So, in my opinion, Bernstein should not lend money to Boon Huat. Bernstein can waive the interest and tell him to repay the principal amount. If he can't do it, Bernstein could extend the repayment date, because something is better than nothing.

I'm sure Bernstein is in a depression. He should visit a doctor.

--Contributed by Ida Fu.

COPYRIGHT 2009 Singapore Institute of Management
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Author:Fu, Ida
Publication:Today's Manager
Article Type:Letter to the editor
Date:Jun 1, 2009
Previous Article:Antidote works.
Next Article:Lend cash without regret.

Related Articles
Kopites' Cup Final; Midweek Derby.
Letter: Your Say - IN reference to D Porter's letter.
A positive step; TRUST THE POST.
Labour just 1-5 to lose deposit; POLITICS.
Labour just 1-5 to lose deposit; POLITICS.
Letter: YOUR SHOUT - No-one could save school.
Kris Allen surprises himself as he wins American Idol.
Glossing over facts; Your Say In.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters