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.

---

Definitions:

Healthy Food Choices

Selecting foods that contribute to a well-balanced and nutritious diet, promoting overall health and well-being.

Seat Belts

Safety devices designed to secure passengers in a vehicle by restraining them in their seats and thereby minimizing injury in the event of a crash or sudden stop.

Developing Trust

The process of building confidence in a person's honesty, integrity, and reliability through consistent and positive interactions over time.

Breastfeeding

The act of feeding a baby or infant directly from the mother's breast, providing nutrition and immune support through the mother's milk.