In a Bankruptcy Proceeding,which of the Following Classes of Bankruptcy

question 29

Multiple Choice

In a bankruptcy proceeding,which of the following classes of bankruptcy creditors will receive the lowest priority?

• A) one who is injured from a motor vehicle operated by a debtor while he was intoxicated
• B) employees who are owed wages earned within 180 days of the bankruptcy petition
• C) consumers who have paid deposits or prepayments for undelivered goods or services
• D) creditors with claims that occur in the ordinary course of the debtor's business after a bankruptcy petition has been filed
• E) creditors with claims that arise from the costs of preserving and administering the debtor's estate

Distinguish between different types of contracts and their voidability by minors.

Analyze the impact of emancipation on a minor's contractual rights and obligations.

Assess the implications of misrepresentation of age in contract disaffirmation.

Evaluate the legal consequences of contracts aimed at evading creditors.