1 A debtor-in-possession does not have the strong-arm powers of a bankruptcy trustee True False

2 A security interest perfected before a bankruptcy petition is filed will survive a bankruptcy trustee's strong-arm powers under the UCC. True False

3 The trustee's fees do not have priority over domestic support obligations like alimony and child support. True False

4 An implied contract is a legally enforceable agreement arising from the conduct between two parties, the relationship between the parties, or principles of equity. True False

5 All debt is dischargeable in bankruptcy.TrueFalse

6 In order to be regulated by the National Labor Relations Act a business has to be involved in interstate commerce.TrueFalse