Ajax,IncHas Accumulated Debts That It Is Unable to Pay

question 83

Essay

Ajax,Inc.has accumulated debts that it is unable to pay.The company has four creditors who hold security provided by Ajax and are valued as follows: Ace ($6,000),Crest ($3,000),Maxton ($8,000)and Interon ($9,000).Which of these creditors will be able to successfully file a petition for involuntary bankruptcy for Ajax?

---

Definitions:

Cohesion

The ability of water molecules to cling to each other due to the process of hydrogen bonding.

Negative Pressure Potential

A force that contributes to the movement of water in plants, created by the evaporation of water from the stomata, resulting in a suction effect.

Venation

The pattern of veins in a leaf or insect's wing, which support the structure and transport fluids, like nutrients and water.

Identification

The process of recognizing or establishing the identity of a person or thing, often through specific characteristics or markers.