Section 1114 of the Bankruptcy Code Requires That the Bankrupt

question 12

Multiple Choice

Section 1114 of the Bankruptcy Code requires that the bankrupt employer make a proposal for modification to the representative of the:

• A)replaced employees.
• B)NLRB.
• C)retirees.
• D)new employees.

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Definitions:

Subjective Test

A method of assessment where outcomes are influenced by the perspectives, interpretations, or judgments of the evaluator.

Agency Relationship

A relationship in which one party (the agent) agrees to act for or on behalf of another party (the principal), typically in business transactions.

Operation Of Law

The automatic application of law to certain actions and circumstances without the need for an agreement or court action.

Agency Relationship

An agency relationship is a legal arrangement in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.