The Criteria Used to Evaluate Whether a Business Act Is

question 29

Multiple Choice

The criteria used to evaluate whether a business act is unfair includes the consideration of whether the act is _____.

• A) profitable 
• B) time-consuming 
• C) immoral 
• D) difficult 
• E) popular

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Definitions:

Child Support Payments

Financial contributions required by law to be paid by a non-custodial parent to support the wellbeing and living expenses of their children.

Secured Creditors

Creditors who are given a security interest in an asset of the debtor, which provides them with the right to seize the asset if the debt is not repaid according to agreed terms.

Automatic Stay

A provision in bankruptcy law that halts actions by creditors to collect debts from a debtor who has declared bankruptcy.

Adequate Protection

A principle in bankruptcy law that ensures creditors receive protection against the depreciation of their collateral during a bankruptcy case.