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Which, if any, of the following statements is false?
Financial Year End
Financial year end is the completion of a one-year, or 12-month, accounting period; the date when companies must finalize their financial statements and report their financial performance.
Reasonable Period
A span of time that is considered fair and appropriate in a given context, especially in legal and contractual situations.
Duty To Obey
A legal or moral obligation to follow the laws or commands of a given authority.
Credit Worthiness
An assessment of a borrower's ability to repay debts based on their financial history, credit score, and other factors indicating financial stability.
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