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The Corner Bank holds the first mortgage on the building owned by ABC. Assume ABC files for Chapter 7 bankruptcy and the building is sold.

The Corner Bank holds the first mortgage on the building owned by ABC. Assume ABC files for Chapter 7 bankruptcy and the building is sold. Who has first priority over the funds received from the sale of the building? Multiple choice question. Corner Bank ABC's employees for the amount of unpaid wages and commissions ABC's unsecured creditors The government for the amount of unpaid taxes

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