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:

Decay

The process through which information is lost over time when it is not used or rehearsed.

Proactive Interference

A phenomenon where older information prevents the recall of newer information, impacting memory retention.

Retroactive Interference

A memory phenomenon where newly learned information interferes with the recall of previously learned information.

Cue-dependent Forgetting

A type of memory loss where the inability to recall information is due to missing cues or triggers that were present at the time the memory was encoded.