Examlex

Solved

In the Case of Bankruptcy, Which of the Following Classes

question 200

Multiple Choice

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


Definitions:

Trade Balance

The difference between a country's exports and imports of goods and services, indicating whether a country has a trade surplus or deficit.

Negative

A condition or quantity less than zero or a loss or deficit in context.

Opportunity Cost

The value of the best alternative foregone as a result of choosing a particular action or decision.

Automobiles

Vehicles powered by an internal combustion engine or electric motor, used for the transportation of people or goods.

Related Questions