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26. M r. Jones lost all of his money in the recent stock market turmoil. He has not been able to pay his creditors and

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26. M r. Jones lost all of his money in the recent stock market turmoil. He has not been able to pay his creditors and judgments have been entered against him. Establish the priority order in which his creditors will be paid upon liquidation of Jones' assets: Liens Mechanics #7 Business Loan #1 Real Estate tax Mortgage Mechanics #1 Fed Income tax Business Loan #4 Mechanics #2 Record Dates 8/30/2010 10/16/2010 10/15/2010 8/1/2010 10/20/2010 10/15/2010 9/1/2010 10/17/2010 3

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