The Duties of the Trustee Include

question 4

Multiple Choice

The duties of the trustee include:

• A) appointing creditors' committees in liquidation cases.
• B) approving all payments for debts incurred before the bankruptcy filing.
• C) examining claims and disallowing any that are improper.
• D) calling a meeting of the debtor's creditors.

---

Definitions:

Plasma Component

The liquid part of blood that carries cells and proteins throughout the body, consisting mainly of water, electrolytes, and proteins.

Plasma

The liquid component of blood, in which blood cells are suspended.

Serum

The component of blood that remains after clotting has removed the blood cells and clotting proteins, containing antibodies and other proteins.

Formed Elements

Cells (i.e., red and white blood cells) and cell fragments (i.e., platelets) of blood.