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LMN Corp. owes $10,000 to Bank of America. During liquidation, the corporation notified the bank to submit its claim within 150 days. The bank submitted

  1. LMN Corp. owes $10,000 to Bank of America. During liquidation, the corporation notified the bank to submit its claim within 150 days. The bank submitted the claim on day 160. Must the corporation pay the claim? Discuss.

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