If a Business Goes into a Reorganization Bankruptcy and Has

question 77

Multiple Choice

If a business goes into a reorganization bankruptcy and has a contract with its employees to pay certain wages,that business:

• A) must honor the employees' contract
• B) may reject the employees' contract if certain procedures are followed,and with court approval
• C) may automatically reject the employees' contract
• D) may automatically reduce those wages by 50 percent
• E) may automatically reduce those wages by 25 percent

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Definitions:

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