In the Case of Bankruptcy, Which of the Following Classes

question 472

Multiple Choice

In the case of bankruptcy, which of the following classes of creditors have lowest priority?

• A) federal taxes
• B) costs of preserving and administering the debtor's estate
• C) secured creditors
• D) rent claims
• E) general creditors

---

Definitions:

Decoding

The process of interpreting or understanding communication messages, symbols, or encoded information.

Encoding

The process of converting information or ideas into a symbolic form that can be conveyed through communication.

Communication Medium

The channel or method used to convey information or messages from one entity to another, including digital, oral, written, and non-verbal forms.

Communication Channel

The medium through which a message is transmitted from sender to receiver.