Which of the Following Allows for Two Types of Bankruptcy

question 62

Multiple Choice

Which of the following allows for two types of bankruptcy for which most businesses can file?

• A) Securities Exchange Commission
• B) Generally Accepted Accounting Principles
• C) The Internal Revenue Service
• D) The United States Bankruptcy Code

---

Definitions:

Social Unrest

A condition of dissatisfaction or conflict within a community or society, often leading to demonstrations, protests, or other forms of collective action.

Lochner V. New York

A landmark U.S. Supreme Court case from 1905 that struck down a New York law setting maximum working hours, ruling it as an unconstitutional interference with individual freedom of contract.

Right Of Contract

The legal ability of individuals or entities to enter into binding agreements without coercion or undue influence.

Individual Freedom

The liberty of an individual to act, speak, or think as one desires without hindrance or restraint, within the limits of law.