Which of the following could use a Division 2 Proposal?
A) a corporation that owes more than $5 million will have a meeting with all its creditors and the Trustee
B) an individual wants to avoid bankruptcy and owes $90,000
C) a corporation wants to restructure its $500,000 debt to avoid bankruptcy
D) creditors will vote to decide if a corporation should be forced into bankruptcy
E) an individual who owes $300,000 will present a plan to creditors who will vote on it to determine if they person is forced into bankruptcy
B
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In a contract between Samsung and Best Buy for the purchase of 5,000 television sets, it stated that the laws of Korea would apply if there are any legal disputes. This is an example of a
A) governing law clause B) venue clause C) arbitration clause D) an entire agreement clause E) liquidated damages clause
Optimal capital structure is the capital structure at which the weighted average cost of capital is minimized, thereby maximizing a firm's value
Indicate whether the statement is true or false