A Commercial Proposal Made by an Insolvent Person Is an Offer

question 23

Multiple Choice

A commercial proposal made by an insolvent person is an offer made by the debtor to its creditors

• A)to not resist a receiving order.
• B)whereby the debtor agrees to file for bankruptcy.
• C)to make an assignment of all assets.
• D)for providing an orderly repayment of its debts (or some part of its debt)over a period of time.
• E)to reorganize its business and straighten out its affairs.

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Definitions:

Networking

The process of engaging with others to share information and build professional or social networks.

Selling Process

A series of steps followed by a salesperson to facilitate the purchase of a product or service by a customer.

Prospecting

The process of identifying potential customers, clients, or buyers for a business's products or services.