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Certain claims have a higher priority than others. In other words, who gets paid first and in full before the next person in line. Please

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Certain claims have a higher priority than others. In other words, who gets paid first and in full before the next person in line. Please rank the full priority. Choose... attorneys, trustees, accountants others working the bankruptcy case payments for pension plans, health insurance for employees Choose... - Child support and alimony Choose... - Choose unpaid wages, salaries and commissions : taxes Choose... debtor Choose... : Choose unsecured claims that arise from debtor's business after filing but whose claims arose before a trustee could be appointed Choose unsecured creditors Please place the following in the proper order of successful claims. In other words, who gets paid first, second, etc. unsecured creditors who file claims Choose... + secured creditors Choose... debtor's Choose... - unsecured creditors who do not file claims Choose... - Which one is renewable every ten years with unlimited ten year renewals O a. copyrights Ob. patents O Oc. c. trademarks d. infringments . 6 e. trade secrets In a covenant not to compete, which of the following is most appropriate statement to keep the agreement from being held voidable)? a ten year limit on non-competition be five year limit on non-competition o two year limit on non-competition nud. depends on how long the employee worked for the company. The longer they worked the longer the covenant not to compete e. none, as these agreements are never valid The most common method for a creditor to protect their interest in the debtor's property is to file something that puts the general population on notice that there is a claim. This filing is called: O a. security interest O b. pledge Os consumer goods O d. financing statement e arbitration The duty of loyalty that is owed to the corporation by directors and especially offices, is called a(n) (two words) Which of the following is the best category for the purchase of a stove for the house? O a. farm products O b. fixtures consumer goods d. inventory e equipment

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