In Ralph T

Multiple Choice

In Ralph T.Leonard v.Jerry D.McMorris,the text case that discussed whether,under the Colorado Wage Claim Act,company executives of a bankrupt company were liable to employees for unpaid wages and benefits,which of the following was the result?

A) If a company is bankrupt,its executives are liable for wages,but not for benefits.
B) If a company is bankrupt,its executives are liable for wages and benefits in an amount up to $5,000 per employee.
C) Company executives are not individually liable for unpaid wages or benefits.
D) If a company is bankrupt,its executives are liable for wages and benefits in an amount up to $50,000 per executive to be allocated equally among employees.
E) If a company is bankrupt,its executives are liable for benefits,but not for wages.