Which Statement Is False Regarding the Acceptance and Confirmation of a Reorganization

question 79

Multiple Choice

Which statement is false regarding the acceptance and confirmation of a reorganization plan?

• A) The plan must be voted on by the creditors and the stockholders of the company.
• B) A separate vote is required of each class of stockholders.
• C) Any class of creditors that is not damaged by a reorganization is assumed to have accepted the plan without voting.
• D) Even if creditors and stockholders approve of the plan, the court can reject the plan.
• E) Acceptance of the plan requires the approval of two-thirds in number of claims and one-half in dollar amount of creditors that cast votes.

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Definitions:

Heritage Tourist

A person who travels to places of historical and cultural significance to learn about and experience their heritage.

Eco-Tourist

A tourist who travels primarily to experience natural environments in a way that minimizes impact on the ecology and supports conservation efforts.

Executive Order 9981

An order issued by President Harry S. Truman in 1948 that abolished racial discrimination in the U.S. military.

Nazi Racism

The ideology and practices associated with the Nazi regime in Germany, which promoted the superiority of the Aryan race and led to the persecution and extermination of Jews and other minorities.