1.

As per the passage, how was the money distributed among the creditors after the insolvency of the corporation?

A. Unnecessary intervention of the banks would lead to the division of money among the shareholders and the board of directors.
B. The money would be deployed to the highest bidder and remaining would be kept by the banks.
C. The money would be shared equally among the sundry suppliers and the unsecured lenders.
D. Both (a) and (b)
E. None of these
Answer» D. Both (a) and (b)


Discussion

No Comment Found