Question

The party who sells the goods or lends the money(1 point) Responses debtor debtor creditor creditor asset asset retailer retailer Question 2 Which of the following is an example of an intangible asset?(1 point) Responses building building stereo stereo painting painting music music Question 3 Where are bankruptcy cases handled?(1 point) Responses State Court State Court Municipal court Municipal court Judicial Court Judicial Court Federal Court Federal Court Question 4 Which bankruptcy court chapter adjusts debts and creates a plan to repay over time?(1 point) Responses Chapter 9 Chapter 9 Chapter 7 Chapter 7 Chapter 11 Chapter 11 Chapter 12 Chapter 12 Question 5 Which chapter bankruptcy may allow for you to keep your house?(1 point) Responses 11 11 13 13 9 9 7 7 Question 6 What are some of the consequences of bankruptcy?(1 point) Responses May cause problems when trying to rent an apartment May cause problems when trying to rent an apartment Could prevent you from obtaining credit Could prevent you from obtaining credit Will remain on your credit for 5-7 yeqrs Will remain on your credit for 5-7 yeqrs All of the above All of the above Question 7 Which chapter of bankruptcy deals with cases that involve the U.S. and another country.(1 point) Responses 9 9 7 7 13 13 15 15 Question 8 Which bankruptcy chapter is the liquidation bankruptcy?(1 point) Responses 7 7 13 13 12 12 9 9 Question 9 The party who buys goods on credit(1 point) Responses creditor creditor debtor debtor liability liability asset asset Question 10 The patent gives an inventor the exclusive rights to make, use, or sell an invention(1 point) Responses True True False

Answer 1

Here are the correct answers for your questions:

Question 1: The party who sells the goods or lends the money
- **Answer:** creditor

Question 2: Which of the following is an example of an intangible asset?
- **Answer:** music

Question 3: Where are bankruptcy cases handled?
- **Answer:** Federal Court

Question 4: Which bankruptcy court chapter adjusts debts and creates a plan to repay over time?
- **Answer:** Chapter 11

Question 5: Which chapter bankruptcy may allow for you to keep your house?
- **Answer:** 13

Question 6: What are some of the consequences of bankruptcy?
- **Answer:** All of the above

Question 7: Which chapter of bankruptcy deals with cases that involve the U.S. and another country?
- **Answer:** 15

Question 8: Which bankruptcy chapter is the liquidation bankruptcy?
- **Answer:** 7

Question 9: The party who buys goods on credit
- **Answer:** debtor

Question 10: The patent gives an inventor the exclusive rights to make, use, or sell an invention
- **Answer:** True

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