In a Composition of Creditors, the Various Creditors of a Single

question 41

True/False

In a composition of creditors, the various creditors of a single debtor mutually agree to accept a fractional part of their claims in full satisfaction of the claims.

---

Definitions:

Contacts

Contacts typically refer to electrically conductive components that open or close circuits in electrical devices, allowing or interrupting the flow of electricity.

Proximity Switch

An input device that senses the presence or absence of a target without physical contact.

Strain Gages

Sensors used for measuring the amount of deformation or strain in an object by changing their electrical resistance when stretched or compressed.

Pressure/Force Sensing

The process of measuring the pressure or force applied to a surface or point, often used in industrial and automotive applications.