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Rick has agreed to sell a shipment of cowboy hats to Walker Inc. He deliver the hats to Walker's warehouse on April 1st and the
Rick has agreed to sell a shipment of cowboy hats to Walker Inc. He deliver the hats to Walker's warehouse on April 1st and the company promises to pay Rick later that month . Rick noticed that the warehouse was completely empty except for his shipment . Walker Inc. is petitioned into bankruptcy on April 15th and does not pay Rick for the goods . Which of the following is true ? 1. As an unpaid supplier , Rick may reclaim identifiable goods that were delivered within 30 days of the bankruptcy proceedings . 2. As an unpaid supplier , Rick should immediately sue for payment. 3. As an unpaid supplier Rick has no rights and should write off his losses immediately . 4. None of the above 5. All of the above
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