Which of the Following Is False Regarding Chapter 12 of the Bankruptcy

question 10

Multiple Choice

Which of the following is false regarding Chapter 12 of the bankruptcy code?

• A)At least 50 percent of the family farmer's debt must be farm-related.
• B)The debt must be under a certain debt cap.
• C)A family farmer under Chapter 12 must have regular annual income.
• D)The family farmer's gross income must be at least 50 percent farm-dependent.
• E)Congress modeled Chapter 12 after Chapter 7 relief.

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Definitions:

Alkene

Hydrocarbons characterized by the presence of at least one double bond within the molecule, contributing to their chemical reactivity.

1,2-Dimethylcyclohexene

An organic compound derived from cyclohexene, characterized by the presence of two methyl groups attached to the first and second carbon atoms of the cyclohexene ring.

Elements Of Unsaturation

A measure indicating the total number of pi bonds and rings in a molecule, useful in determining molecular structure.

Molecular Formula

A way of expressing information about the atoms that constitute a particular chemical compound, using symbols for the elements and numerical subscripts indicating the number of atoms involved.