Which of the Following Statements Is True of Claims Made

question 28

Multiple Choice

Which of the following statements is true of claims made by creditors?

• A) A trustee receives only some of the defenses that a bankrupt person enjoys against claims.
• B) If the debtor's property is subject to a secured claim of a creditor, that creditor has the first claim to it.
• C) If a claim is provable, a creditor can participate in the distribution of the assets of the bankruptcy estate.
• D) Both secured and unsecured creditors are required to file proofs of claims.

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Definitions:

Supply Chain Networks

The interconnected systems of suppliers, manufacturers, distributors, and retailers collaborating to produce and deliver goods to consumers.

Online Channel

A distribution and marketing strategy that uses the internet to sell and deliver products or services directly to consumers.

Physical Goods

Tangible items that can be touched, used, and sold, such as electronics, clothing, and food products.

Brick And Mortar

Physical stores or businesses with a tangible presence, as opposed to online or virtual platforms.