this is assignment and i did not no

tected View. Enable Editing Web version. Activate Use free at Office.com also received a cash payment of $6000, debentures amounting to f10 000, and a few other benefits. Generally understood, a debenture is a corporate IOU: it is a promise by the company to Aron that it will pay him a specific sum of money. Aron's debentures were "secured" meaning that if the company failed to pay Aron the $10 000, he was automatically entitled to certain company assets in lieu of the cash. In this way, Aron became a creditor of his own company and a highly protected one, at that. Soon thereafter, the business suffered financial problems because of a series of strikes and the loss of government contracts. The company became insolvent and a trustee was appointed to deal with its creditors and close down the business. Many creditors of Aron Salomon and Company. Limited-including Aron himself-lined up for payment. As a secured creditor, Aron was at the head of the line but payment of his debt would leave nothing for the unsecured creditors. In response, the trustee refused to recognize Aron as a legitimate creditor and, furthermore, took the position that Aron was personally responsible for all his company's debts. QUESTIONS A) Legal questions: Was Aron liable for the debts of Aron Salomon and Company, Limited? Was Aron a legitimate creditor of the company? B) Discuss the issues and court decision for this case. Use IRAC (Issue, the Rule of Law, Analysis, and Conclusion) For Analyzing the Legal Process and Your Reasoning