Which of the following statements is true of Chapter 11 of the Bankruptcy Code?
A. The reorganization plan is essentially a contract between a debtor and its trustees.
B. Unlike Chapter 13, in Chapter 11 cases, the debt is predominately nonconsumer debt.
C. It provides a proceeding whereby the debtor's financial affairs can be liquidated rather than reorganized.
D. Petitions for Chapter 11 cases cannot be filed voluntarily by the debtor.
Answer: B
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The tort involving spoken defamatory communication is:
a. invasion of privacy b. libel c. privilege d. negligence e. none of the other choices
In the Beck case, where non-union workers at AT&T were required by a union to pay "agency fees," instead of union dues, to contribute to the expense of representing these workers in collective bargaining. The Supreme Court held that the union:
a. violated the First Amendment rights of non-union workers b. violated the Taft-Hartley Act c. acted legally because Congress had ruled courts may not place restrictions on union dues d. impermissibly interfered with interstate commerce e. none of the other choices
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What is the intrinsic value of Torque's stock?
Torque Corporation is expected to pay a dividend of $1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5%, and the expected return on the market portfolio is 13%. The stock of Torque Corporation has a beta of 1.2. A. $14.29 B. $14.60 C. $12.33 D. $11.62