Exam (elaborations)
MRL3701 - STUDY UNIT 17 Creditors' Claims and Their Ranking - The Different Types of Creditors Questions with Correct Answers
- Course
- Institution
TYPES OF CREDITORS Correct Answer 1. concurrent creditors 2. secured creditors 3. preferent creditors CONCURRENT CREDITS Correct Answer - does not enjoy any advantage over other creditors of the insolvent. - are paid out of the free residue after any preferent creditors have been paid. -...
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