Liabilities of a Company Are Owed to

question 177

Multiple Choice

Liabilities of a company are owed to

• A)debtors.
• B)benefactors.
• C)creditors.
• D)underwriters.

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Definitions:

Federal Law

Laws passed by the national government of the United States, which are applicable throughout the country, as opposed to laws passed by state or local governments.

Funeral Services

Professional services offered by funeral homes and directors that involve the preparation, management, and conduct of a funeral.

Complete Package

A product or deal that includes everything needed for a particular purpose or requirement, leaving nothing out.

Reasonable Basis

A standard which requires that claims, especially in law and finance, must have a foundation that is logically sound and justifiable.