The party who sells the goods or lends the money(1 point)

Question

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 12
Chapter 12

Chapter 11
Chapter 11

Chapter 9
Chapter 9

Chapter 7
Chapter 7
Question 5
Which chapter bankruptcy may allow for you to keep your house?(1 point)
Responses

9
9

13
13

11
11

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

13
13

15
15

7
7

9
9
Question 8
Which bankruptcy chapter is the liquidation bankruptcy?(1 point)
Responses

9
9

12
12

13
13

7
7
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
False
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Answer 1

Here are the correct responses to your questions:

Question 1: The party who sells the goods or lends the money
Response: creditor

Question 2: Which of the following is an example of an intangible asset?
Response: music

Question 3: Where are bankruptcy cases handled?
Response: Federal Court

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

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

Question 6: What are some of the consequences of bankruptcy?
Response: All of the above

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

Question 8: Which bankruptcy chapter is the liquidation bankruptcy?
Response: 7

Question 9: The party who buys goods on credit
Response: debtor

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

Feel free to ask if you have more questions!