Regarding Priority Claims

question 11

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 the above.
• E) Both (a) and (c) are correct.

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Definitions:

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Control Layout

The arrangement and organization of interface controls and elements within a software application or on a web page.

Remove Layout

The action or process of eliminating or clearing a specific format or arrangement of elements within a document or presentation.

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A piece of paper, cloth, or other material attached to an object and giving information about it, such as its name, use, or contents.