In an assignment for the benefit of creditors, if each creditor is paid an equal share of his original obligation, the debtor is then discharged from any further obligation to the creditor
Indicate whether the statement is true or false
False
You might also like to view...
What is vertical analysis, and why is it useful in performing financial performance measurement?
What are some things to keep in mind about using humor in an oral presentation?
Many firms are finding that high-tech, computerized training has dual benefits. It develops employees who are more effective and reduces costs at the same time. Employees at FedEx take computer-based job competency tests every 6 to 12 months. This is an example of a(n) ________ ________ tangible resource.
A. physical B. technological C. financial D. organizational
For which of the following products would exclusive distribution be most appropriate?
A. Gasoline B. Rolls Royce automobile C. Ray-Ban sunglasses D. Louis Vuitton luggage E. Harley-Davidson motorcycle