Is it possible for excel to display one of the two different false statements in a cell?

[liabilityquek]

Hi All

I would like to have one of the two different false statements to be displayed in cell C29. Not sure whether nested if is applicable for this criteria.

1. IF(OR($C$16="Sole Proprietorship",$C$16="Partnership",$C$16="Limited Partnership",$C$16="Limited Liability Partnership"),"No Credit Limit to be given due to Entity Type", (40/100)*$C$17)

2. IF($C$22>=(5/100*$C$17),"No credit to be given as litigation is >= 0.05% of paid up capital",$C$22)

Thanks for the help in advance!

 

[etaf]

in a nested IF the order is left to right
So when do you test C22