Regarding Priority Claims

question 105

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 a $4,500 cap for unpaid wages has not been reached.
• C)Subordination agreements are enforceable.
• D)Both (a) and (c) are correct.
• E)(a), (b), and (c).

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Definitions:

Patients' Rights Movement

The collective efforts aimed at securing rights for patients to be informed about and make decisions regarding their healthcare.

Insanity Defense

Defense used by people accused of a crime in which they state that they cannot be held responsible for their illegal acts because they were mentally incapacitated at the time of the act.

Domestic Violence

Behaviors by one partner towards another within an intimate relationship, that aims to control, dominate, or harm the partner; it can be physical, emotional, sexual, or psychological.

M'Naghten Rule

A legal standard used to determine whether a defendant was insane at the time of committing a crime, focusing on their ability to understand right from wrong.