In a voluntary settlement, each creditor will be paid only 45 cents on the dollar immediately. This is an example of
A. a composition.
B. a combination of a composition and extension.
C. an extension.
D. a liquidation.
Answer:A
In a voluntary settlement, each creditor will be paid only 45 cents on the dollar immediately. This is an example of
A. a composition. B. a combination of a composition and extension. C. an extension. D. a liquidation.