Which of the Following Was the Result in In Re

question 5

Multiple Choice

Which of the following was the result in In re Bryan Road,the case in the text involving the issue of whether a prebankruptcy waiver of the automatic stay in a prepetition workout was enforceable?

• A) After considering a number of factors, the court concluded that the waiver of the automatic stay would be enforced.
• B) The court ruled as a matter of law that such agreements are contrary to the principles set forth in the federal bankruptcy statutes and that such agreements are, therefore, unenforceable.
• C) The court ruled as a matter of law that such agreements are enforceable.
• D) The court ruled that such agreements are enforceable only if all other creditors are paid in full.

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Definitions:

Maslow

Refers to Abraham Maslow, an American psychologist renowned for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Higher Motives

Aspirations or desires that transcend basic physiological or safety needs, focusing instead on personal growth, fulfillment, and the well-being of others.

Drive Reduction Theory

A psychological concept that suggests motivation arises from the desire to reduce an uncomfortable internal state caused by unmet needs.

Homeostasis

The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.