Regarding Priority Claims

question 28

Multiple Choice

Regarding priority claims:

• A) each claimant in a priority class shares pro rata if the assets cannot satisfy all claims in the class.
• B) employees have a priority for contributions to employee benefit plans but only to the extent that the $4,500 cap for unpaid wages has not been reached.
• C) subordination agreements are not enforceable.
• D) All of these statements are true of priority claims.