Multiple Choice
Duncan Corp. is declared bankrupt. The Royal Bank has a mortgage on its manufacturing plant. Employees have a claim for $1,000 each for unpaid wages. The trustee in bankruptcy's fees are $10,000. An unpaid supplier of steel has a claim for products supplied. What class of creditor is the supplier of steel?
A) Unsecured
B) Secured
C) General
D) Common
E) Preferred
Correct Answer:
Verified
Correct Answer:
Verified
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