Chapter 7 of the Bankruptcy Code primarily deals with ________.
A. debt reorganization
B. adjustment of debts of a family farmer or fisherman with regular income
C. adjustment of debts of an individual with regular income
D. liquidation
Answer: D
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Your author describes an aspect of the 2007-2009 financial crisis concerning commercial paper and a financial instrument he refers to as an ABCP. Define an ABCP and the role it played in the financial crisis
What will be an ideal response?
Gifts. James Wilson learned that he had terminal cancer in 1983 or 1984. At about that time, he arranged for a friend, Harold Buell, to have joint access to Wilson's safe-deposit box. Wilson gave Buell a key. The box contained, among other things, a
copy of a promissory note for $65,000 from Michael Cronan. Wilson told Buell that the debt represented by the note was to be forgiven when he died and that on Wilson's death, Buell was to deliver the copy of the note to Cronan. In 1984, Cronan learned of Wilson's illness, and Wilson told Cronan on at least two occasions that Cronan's debt was to be forgiven on Wilson's death. In the meantime, Cronan continued to make payments on the note. Wilson died in July 1987. On the day after Wilson died, Buell delivered the copy of the note to Cronan, as directed. Wilson's personal representative (a person appointed to look after the deceased's affairs), Carol Kesterson, sought to recover from Cronan the balance owing on the $65,000 note, the original of which was found among Wilson's personal effects after his death. Cronan claimed that the debt had been forgiven, as a gift to Cronan. Were the requirements of a gift satisfied? How should this case be resolved? Discuss fully.
Which of the following is a drawback of having a narrow span of control?
A) less employee freedom to make decisions B) less managerial control and input C) loss of accountability D) loss of supervision E) less specialization
An advantage of a "flatter" organization is that it creates additional supervisory and coordinating tasks for managers
a. True b. False Indicate whether the statement is true or false