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lwpat
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25387
Experience:  Attorney with over 35 years of business experience.
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5. A voluntary petition in Chapter 7 bankruptcy may be filed

Resolved Question:

5. A voluntary petition in Chapter 7 bankruptcy may be filed by a(n): (Points : 2)
husband and wife.
railroad.
insurance company.
all of the above.


6. When a business debtor files for Chapter 11 protection, the debtor is allowed to continue in business. (Points : 2)
True
False


7. When the principal's words or conduct leads a third person to reasonably believe that a party is authorized to act as his or her agent but this is not true, and the third person relies on that appearance, this creates a case of (Points : 2)
express authority.
apparent authority.
customary authority.
incidental authority.


8. An involuntary bankruptcy case is commenced by creditors filing a petition with a bankruptcy court. (Points : 2)
True
False


9. If a trustee is not elected by creditors, an interim trustee will be appointed by the court. (Points : 2)
True
False
Submitted: 5 years ago.
Category: Business Law
Expert:  lwpat replied 5 years ago.
husband and wife.

True

apparent authority.

True
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