can you do 16 through 19 15. A draft is a(n): a. order instrument romise instrum

Question

can you do 16 through 19

15. A draft is a(n): a. order instrument romise instrument; . check; . none of the above. 16. A note is a(n): a. order instrument b. promise instrument; c. check; d. none of the above 17. At the first meeting of creditors, the present. and the must be a. judge; trustee; b. debtor; creditor; c. debtor; trustee d. debtpr's attorney; creditors' attorney. 18. A debtor files a chapter 13 petition. She earns more than her state's median income. Her chapter 13 plan will be for years. a. two; b. three c. four; d. five. 19. A U.S. Bankruptcy Judge is appointed by the President, and upon confirmation by the senate, serves a lifetime term on the bench. FT

Explanation / Answer

Answer(16): A note is a "Promise instrument". Option b is correct.

A note is a promissory instrument and a written document to pay a particular amount to the person at a given point of time.

Answer(17): At the first meeting of creditors, the debtor and the credito must be present.

At the first meeting of creditors, debtor and creditors should be present in the court.

Answer(18): A debtor files a chapter 13 petition. She earns more than her state's median income. Her chapter 13 plan will be for five years. Option d is correct.

If the debtor's income is less than state's median income then the plan is for three years and if it is more than state's median income then the plan is for five years.

Answer(19): True;

In USA, Judge is appointed by president and confirmed by senate, serves a life time term on bench.

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