If There Are Insufficient Funds to Satisfy All the Creditors

question 53

Multiple Choice

If there are insufficient funds to satisfy all the creditors within a class:

• A) the debtors have the last say on the amount that each member shall receive.
• B) the class members decide amongst themselves the amount that each of the members should receive.
• C) the court makes an arbitrary decision regarding the share of each member.
• D) each class member receives a pro rata share of his claim.

---

Definitions:

Inequality

The unequal distribution of resources, opportunities, rights, and power among individuals or groups in a society.

Poverty

A socioeconomic condition characterized by a lack of basic resources and financial means necessary for a minimum standard of living.

Globalization

The process by which businesses, technologies, or philosophies spread worldwide, leading to increased interconnectedness and interdependence among nations.

Local Culture

Refers to the practices, beliefs, and objects that are unique and meaningful to a specific community or group of people within a smaller geographical area.