Min,a Carpenter,has Recently Declared Bankruptcy

question 5

Multiple Choice

Min,a carpenter,has recently declared bankruptcy.She has one loan for $10 000 and,at the time when the bank calls for repayment,her total assets add up to $9000,which is made up of $3000 in tools,$1200 in clothing,and $800 in furniture.When her assets are distributed,which of the following is true?

• A)The bank is entitled to all $9000.
• B)The bank is probably only entitled to $4000.
• C)The bank is probably only entitled to $5200.
• D)Min cannot declare bankruptcy,as she does not meet the requirements.
• E)Min will be discharged of all debt.

---

Definitions:

Cytosine

A pyrimidine base found in DNA and RNA that pairs with guanine during the nucleic acid synthesis.

Base Pairs

The pairs of nucleotides (adenine with thymine, and cytosine with guanine) in DNA that form the rungs of the double helix structure, fundamental for DNA replication and genetic information.

Catastrophism

The idea that Earth’s geological features are the result of sudden, short-lived, violent events, contrary to gradualism.

Great Flood

A mythical or historical event featured in various cultures' lore involving a catastrophic deluge that covers the Earth or a significant portion of it.