Author Question: Under all chapters of the Bankruptcy Code, most of the debtor's assets are distributed to creditors ... (Read 101 times)

jho37 · **on:** Jun 24, 2018

Under all chapters of the Bankruptcy Code, most of the debtor's assets are distributed to creditors and the debtor has no obligation to share future earnings with creditors.
Indicate whether the statement is true or false

Question 2

A entrusts a shipment of eel skins to an ocean carrier and obtains a bill of lading. The carrier delivers the goods to B without asking B to produce the document. Without knowledge of what has occurred, A sells the bill of lading to C, who is a good faith purchaser. In this case:
A) C may not reclaim the goods because they have already been delivered by the carrier.
B) C has a cause of action against the carrier for misdelivery.
C) C has a cause of action against A for fraud.
D) The carrier is liable for a crime committed against A.
E)All of the above.