What must a creditor, who has taken security from a debtor, do to ensure being repaid before (have priority over) any other creditors?
A) It must have notified unsecured creditors
B) The debtor must not be engaged in bankruptcy proceedings.
C) The security must have been registered
D) The security must be in relation to tangible property
E) The court will decide who gets repaid first based on who is owed the most money
C
Business
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Pure franchising is also referred to as:
A) trade name franchising. B) business format franchising. C) product distribution franchising. D) all of the above.
Business
The entry to record the issuance of 100 shares of capital stock in exchange for $1,000 cash includes a debit to Capital Stock
Indicate whether the statement is true or false.
Business