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Regarding Priority Claims

Question 11

Multiple Choice

Regarding priority claims:


A) each claimant in a priority class shares pro rata if the assets cannot satisfy all claims in the class.
B) employees have a priority for contributions to employee benefit plans but only to the extent that the $4,500 cap for unpaid wages has not been reached.
C) subordination agreements are not enforceable.
D) All of the above.
E) Both (a) and (c) are correct.

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