On november 5, hayes, inc., a small subcontractor, opened an account with basic corp., a carrier of construction materials. hayes promised to pay its bills within 30 days of purchase. although hayes purchased a substantial quantity of goods on credit from basic, it made few payments on the account until the following march, when it paid basic over $21,000. on march 14, hayes filed a voluntary petition under chapter 7.
why did hayes pay basic in march? does the bankruptcy trustee have a right to recover this payment? is it fair to hayes’ other creditors if basic is allowed to keep the $21,000? it is fair to hayes if hayes is forced to return $21,000?
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Business, 21.06.2019 21:30
1. gar principles or "the principles"are intended to do what?
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Business, 22.06.2019 11:50
Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.
Answers: 2
Business, 22.06.2019 21:20
Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.
Answers: 1
On november 5, hayes, inc., a small subcontractor, opened an account with basic corp., a carrier of...
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