Surety is liable to the creditor as soon as principal

Assignment Help Operation Management
Reference no: EM132230801

1. A surety is liable to the creditor as soon as the principal ________.

A) Enters into the contract.

B) Makes an initial payment.

C) Defaults.

D) Files for bankruptcy.

2. Creditors may petition the bankruptcy court to convert a Chapter _________bankruptcy in to a Chapter __________bankruptcy.

A) 7 into 13

B) 11 into 7

C) 11 into 13

D) 13 into 11

3. In an adjustment of debts under Chapter 13, the rights of ____________may not be modified

A) Secured creditors

B) Unsecured creditors

C) Mortgagees

D) Judicial lien holders

4. An ______ is entered by the bankruptcy judge when he or she finds that the debtor is entitled to the protection of the bankruptcy law.

A) Order of default.

B) Notice of removal.

C) Order of relief.

D) Judgment.

5. In a bankruptcy proceeding, creditors' claims are subject to payment according to the _______ established by the bankruptcy law.

A) Discretion.

B) Size or amount of the debt.

C) Priority.

D) Greatest need for payment.

Reference no: EM132230801

Questions Cloud

Competitive strategy-corporate strategy-business strategy : How does this article relate to strategies - Competitive Strategy, Corporate Strategy, Business Strategy, Functional Strategy and Operating Strategy
What industry uses each specific numbering standard : What does each stand for? What is the purpose of each? What industry uses each specific numbering standard?
A surety is liable to the creditor as soon as the principal : Rod and Todd have joint-several liability as sureties on loan made to Rod's business by First Bank. A surety is liable to the creditor as soon as principal.
Transformation advertising be used to justify higher price : Can “transformation advertising” be used to justify a higher price?
Surety is liable to the creditor as soon as principal : A surety is liable to the creditor as soon as the principal ________.
Explain the concept of transferable water permits : Explain the concept of transferable water permits (TWP) as means of managing the allocation of water in a river in which demand for water is greater than supply
Property acquired in the future by the debtor : A _________ is created when a security agreement describes the collateral as including property acquired in the future by the debtor.
Some real world examples of successful entrepreneurs : How may entrepreneurs identify new business opportunities? Please explain and provide some real world examples of successful entrepreneurs.
The cost leadership generic strategy : What is one risk associated with the Cost Leadership generic strategy?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd