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    Canadian Business and the Law Study Set 3
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    Exam 27: Bankruptcy and Insolvency
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    If a Division II Proposal Is Accepted by Two Thirds
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If a Division II Proposal Is Accepted by Two Thirds

Question 10

Question 10

True/False

If a Division II proposal is accepted by two thirds of the total amount owed and a majority in number by the creditors,then it is legally binding on all unsecured creditors,whether they voted for or against it.

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