A bank makes me a loan to purchase inventory. then deliberately and unilaterally changes the maturity date.
By this action the bank closes my business current account and as a consequence my business..
The reason for this was to put in place other contracts with terms and conditions that the bank knows cannot be met.
The bank uses the fact that it has closed my business the force me to sign that contract
The first contract is fraudulent misrepresentation
What Legal action can I take for the second Contract,
The second contract supersedes the first contract.
If the facts are correct and they unilaterally changed the terms (without the right to do so), you would have a breach of contact action. You need to careful read, or have an attorney, carefully read, your loan agreements. They may have the right to make the change.
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