As Between an Unpaid Supplier Who Recently Delivered Inventory,the Trustee

question 20

Multiple Choice

As between an unpaid supplier who recently delivered inventory,the trustee for its expenses,the Canada Revenue Agency (CRA) for unpaid remittances and an unpaid employee,which creditor has first priority upon bankruptcy?

• A) CRA
• B) unpaid supplier
• C) trustee for its expenses
• D) unpaid employee

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Definitions:

Cell

A basic unit of storage in a spreadsheet or database, identified by its row and column.

Row

A row is a horizontal line of cells in a spreadsheet or table, typically containing related information.

Column

A column in a table or spreadsheet that denotes a particular type of data.

Complimentary Close

The polite closing words in a letter or email, such as "Sincerely" or "Best regards," before the signature.