Question

Select whether the following statement is true or false: The effect of insolvency, liquidation and bankruptcy...

Select whether the following statement is true or false: The effect of insolvency, liquidation and bankruptcy legislation is that collateral rights of a bank could be set aside whenever insolvency or bankruptcy of a customer occurs

a. True

b. False

0 0
Add a comment Improve this question Transcribed image text
Answer #1

TRUE

The answer is true, whenever a customer becomes bankrupt ,insolvent or inefficient to pay off his /her debt collateral right of bank would be set aside.

Add a comment
Know the answer?
Add Answer to:
Select whether the following statement is true or false: The effect of insolvency, liquidation and bankruptcy...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT