Author Question: Creditors of Northern Hydraulics file an involuntary bankruptcy petition against the company and the ... (Read 109 times)

KimWrice · **on:** Jun 24, 2018

Creditors of Northern Hydraulics file an involuntary bankruptcy petition against the company and the petition is approved. What is true of Northern Hydraulics?
A)Northern Hydraulics has at least 10,425 in debts.
B)There are at least 12 creditors.
C)A custodian has automatically been appointed.
D)It must make all the filings necessary under a voluntary petition.

Question 2

A clean bill of lading establishes a rebuttable presumption that the goods delivered to an ocean carrier were in good condition.
Indicate whether the statement is true or false