Lulu joins with other creditors to force McCoy, a debtor, into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to

A. ensure that creditors will continue to lend to insolvent debtors.
B. protect creditor assets from diminution in value.
C. provide a fair means of distributing a debtor's assets.
D. make all debtor property available for creditors.


Answer: C

Business

You might also like to view...

Denny’s had to absorb operational expenses associated with its class action settlement. Under the consent of decree from the settlement, Denny’s was required to ______.

a. post antidiscriminatory notices in all of its restaurants b. survey customers to make sure they felt they were treated respectfully c. test franchise and company-owned restaurants to ensure compliance with the consent decree d. provide charitable contributions to local clubs supporting disadvantaged groups

Business

Describe any two basic qualities that define successful entrepreneurs.

What will be an ideal response?

Business

A decision-making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as

A) multifactor decision making. B) the multifactor evaluation process. C) the analytic hierarchy process. D) pairwise comparison analysis. E) consistency ratio analysis.

Business

When Minute Maid mailed out free samples of its new instant drink mix, it was trying to move prospective customers into the ____ stage of the product adoption process.

A. awareness B. interest C. evaluation D. trial E. adoption

Business