This topic contains a solution. Click here to go to the answer

Author Question: The correct order of payment of claims from the debtor's estate would be A)secured claims, priority ... (Read 176 times)

ts19998

  • Hero Member
  • *****
  • Posts: 531
The correct order of payment of claims from the debtor's estate would be
 A)secured claims, priority claims, unsecured claims.
 B)secured claims, unsecured claims, priority claims.
 C)priority claims, secured claims, unsecured claims.
 D)priority claims, unsecured claims, secured claims.

Question 2

If goods are sacrificed in the process of saving a ship from a substantial common danger, the owners of the goods are said to have incurred a particular average loss.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fffftttt

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

A

Answer to Question 2

FALSE




ts19998

  • Member
  • Posts: 531
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

For a complete list of videos, visit our video library