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Charlse, a Level I CFA candidate,defaulted on a bank loan used to pay for education fee as her unexpected highwedding cost. A micro finance loan company not only lent her money to pay offthe tuition loan in full, including penalties and interest but also extendedfurther credit to pay for her parents' outstanding medical bills.Unfortunately, Charlse had to take extensive time away from work to deal withthe issues as her parents' health problems escalated. As a result, she wasfired and consequently defaulted on the second loan. Charlse decided to filefor personal bankruptcy because she was no longer employed. Do the loandefaults leading up to Charlse's bankruptcy most likely violate Standard I(D):Misconduct?
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8 P& G0 @- s. { g, [. K8 { A . Yes, with regard to the second loandefault.2 q3 N8 ]( |) o% L
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B . No./ A- Q9 y V0 \( q' K' d
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C . Yes, with regard to the first loandefault.
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