Do you think that company decision was right

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A property valuation was done by firm A based on the information given by the client B. This valuation was used to grant loan to client B by the bank. Client B was in the position to pay the loan instalment. Firm A comes to know that the information provided by client B was not correct. The correct information would lower the valuation and therefore a lower amount of loan shouldhave been provided by the bank. Firm A decides to hand over the revised information to the bank.

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Do you think that company's decision was right? Give reasons for your answer

Reference no: EM133137491

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