Ivan is the sole proprietor of Voyageur Transport. He operates Voyageur with three small ships that transport supplies by the riverways to northern settlements after spring breakup. Which of the following most likely applies with respect to Ivans use of the name Voyageur Transport?

Question 31 options:

	Business name use is subject to more specialized rules for this form of business.
	To avoid fines and penalties, the business name must be registered.
	A business name is irrelevant to an owners ability to sue for business obligations.
	There are no legal requirements for this form of business organization.

Why was the body of law specifically governing insolvency created?

Question 32 options:

	to assist businesses in coping with specific debt or general obligations
	to address the respective interests of creditors
	to force creditors to make concessions on repayment terms
	to ensure insolvent parties and their creditors are treated fairly