Regarding the bankruptcy filing of an employer, which of the following statements is NOT true?
a. employees are secured creditors
b. employees are unsecured creditors
c. employees as creditors stand high in priority in a Chapter 11 bankruptcy filing
d. none of these is true
A
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A buyer took delivery of the deed to his new house but neither recorded the deed nor took possession of the property. Under these circumstances
A) the transfer of the property from the seller is ineffective. B) the buyer's interest is not fully protected against third parties. C) the deed is invalid after 90 days. D) the deed in invalid after 6 months.
A tenant is renting space in a retail mall. The lease expires expires and the tenant wrongfully holds over after expiration of the lease without the landlord's consent. Tis would be an example of:
A. A tenancy at sufferance and no notice of termination is required from the landlord. B. A tenancy at sufferance and a 30 day notice of termination is required from the landlord. C. A tenancy at will and a 30 day notice of termination is required from the tenant. D. A tenancy at will and a 30 day notice of termination is required from the landlord.