Which of the Following Is NOT a Consequence of a Sequestration

question 34

Multiple Choice

Which of the following is NOT a consequence of a sequestration order?

• A)The bankrupt must disclose the fact of their bankruptcy before obtaining credit above a specified amount.
• B)The bankrupt can no longer be a director of a company.
• C)Secured creditors are no longer able to deal with the security.
• D)All of the property of the bankrupt immediately vests in the trustee for the benefit of creditors.

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Definitions:

Gross National Product

The total value of goods produced and services provided by a country during one year, including the net income from foreign investments.

National Income

The total amount of money earned within a country from the production of goods and services in a given time period.

Corporate Profits Taxes

Taxes levied on the earnings after expenses and deductions of corporations, similar to corporate income tax but emphasizing the taxation on net profits.

Ronald McDonald's House

Programs providing a home away from home for families so they can stay close by their hospitalized child at little to no cost.