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.

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Definitions:

Right to Privacy

The entitled freedom of individuals to keep their personal affairs confidential and to make decisions about their personal life without intrusion.

Without Consent

Taking action or making a decision that affects another person without seeking or obtaining their voluntary agreement.

Delusions of Persecution

A type of delusion where the affected person believes without basis that others are plotting against or intending harm towards them.

Confidentiality

The ethical and legal duty to protect private information from unauthorized disclosure, often emphasized in healthcare and professional settings.