Need help ASAP!!!

2. An agent acting under a power of attorney is referred to as an (Points : 2)

impostor. attorney-in-fact. broker. authority with interest.

5. Individuals and corporations, but not partnerships, may be reorganized under the Bankruptcy Reform Act.

True False

7. Any individual (except farmers) can be a debtor under Chapter 7 bankruptcy

True

False

9. Joe operates a sole proprietorship, a corporation, and a partnership. Joe wants to obtain relief for his individual debts, as well as for those of his corporation and partnership. Joe may file a petition for each under

Chapter 7. Chapter 13. Chapter 7 and 13. Chapter 11 and 13.

26. Jack files a bankruptcy petition under Chapter 7. Among his debts are alimony owed to Kay, his ex-wife, and money borrowed from Loans, Inc., to pay taxes. Debts most likely to be discharged include claims for (Points : 2)

alimony only. money borrowed to pay taxes only. alimony and money borrowed to pay taxes. none of the above.