In a Chapter 7 bankruptcy, the highest priority claim is a:
A) Debt owed for child support.
B) Tax obligations.
C) Wages earned by the debtor's employees.
D) Secured creditors.
D
Business
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A/An ________ letter of credit is intended to serve as a means of arranging payment, but not as a guarantee of payment
A) irrevocable B) revocable C) confirmed D) unconfirmed
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