Author Question: A UPS package sorter is an example of a(n): a. agent b. employee c. employee with agency powers ... (Read 148 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
A UPS package sorter is an example of a(n):
 a. agent
  b. employee
  c. employee with agency powers d. independent contractor
  e. agent and independent contractor

Question 2

On February 28, Master, Inc, had total assets with a fair market value of 1,200,000 and total liabilities of 990,000 . On January 15, Master made a monthly installment note payment to Acme Distributors Corp, a creditor holding a properly perfected security interest in equipment having a fair market value greater than the balance due on the note. On March 15, Master voluntarily filed a petition in bankruptcy under the liquidation provisions of Chapter 7 of the federal Bankruptcy Code. One year later, the equipment was sold for less than the balance due on the note to Acme. If a creditor challenged Master's right to file, the petition would be dismissed:
 a. If Master had less than 12 creditors at the time of filing.
  b. Unless Master can show that a reorganization under Chapter 11 of the federal Bankruptcy Code would have been unsuccessful.
  c. Unless Master can show that it is unable to pay its debts in the ordinary course of business or as they come due.
  d. If Master is an insurance company.



leahm14

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

b

Answer to Question 2

.C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

For a complete list of videos, visit our video library