Which of the following is a requirement for an involuntary Chapter 7 bankruptcy petition?
A)The debtor must owe at least $150,000 in unsecured claims to the creditors who file.
B)The debtor must have at least three creditors sign the petition if the debtor has 12 or more creditors.
C)The creditors must have tried to help the debtor overcome the financial difficulties.
D)The debtor must have a majority of the creditors file the petition.
B
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On November 1, 2016, the Cranberry Construction Company declared a property dividend payable in the form of bonds held for long-term investment purposes. The bonds will be distributed to the common stockholders on December 15, 2016. The bonds to be distributed to the common stockholders originally cost Cranberry $210,000. Fair values of the bonds on various dates are as follows: ? December 31,
2015 $220,000 November 1, 2016 235,000 December 15, 2016 225,000 Which one of the following amounts should be used to record the appropriate credit to Property Dividends Payable? A) $210,000 B) $220,000 C) $235,000 D) $230,000
Which of the following uses explanations, rationale, logical arguments, and evidence and facts to illustrate and argue proposals and requests?
A) inspirational appeal B) rational persuasion C) consultation D) collaboration
People who have the same amount of income but who are in different social classes tend to spend their income in the same way.
Answer the following statement true (T) or false (F)
If in 1900 the Minnesota Supreme Court ruled that a minor can void a contract at any time during minority and, in 2014, the courts in Minnesota still follow this ruling, this is an example of A)stare decisis
B)the bystander rule. C)statutory law. D)enabling legislation.