Concept from the standpoint of the creditor and the debtor

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Reference no: EM132053666

1. Assume that you hold a short position in an oil futures contract at $40 per barrel and covered as the price rose to $50 per barrel, the profit/loss in your account would be __________ per barrel.

a. a loss equal to the option premium

s. $0

c. a $10 profit

d. a $10 loss

2. Thoughts on Bankruptcy Law? Is it appropriate to have a legal mechanism in place whereby legally acquired debt is able to be eliminated through the legal process? What are the pros and cons of this concept from the standpoint of the creditor and the debtor?

Reference no: EM132053666

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