Question

26. After termination of a bankruptcy case, creditors cannot make a claim against the debtor for money owed before the initial bankruptcy petition was filed.

True

False

27. One attribute of tenants in common is that ownership shares must all be of equal size.

True

False

28. Accountants check every transaction when auditing a company.

True

False

29. In the absence of a specific legal exception, an employee in the United States must be hired for a minimum of one year.

True

False

30. A bailment must involve a written agreement to be enforceable.

True

False

Answer 1

26.

Answer: False

Explanation : If your case gets terminated, you lose the protection of the automatic stay and creditors can make a claim against the debtor for money owed before the initial bankruptcy petition was filed, in other words your creditors are free to come after you to collect their debts.

27.

Answer: False

Explanation : The size of this ownership share may vary, it is not that requires that shares of all tenants must be equal but each person has an undivided, equal right to use and occupy the entire property. When a tenant in common dies, his or her share of the property goes to his or her beneficiaries, rather than to the other tenants in common.

28.

Answer: False

Explanation: Accounting professionals, usually Certified Public Accountants (CPAs), perform audits. These auditors must be independent, unbiased, and qualified to provide an auditor's report/opinion.

29.

Answer: False

Explanation: There is no such requirements in united states.

30.

Answer: False

Explanation: Most of the time bailment is written but not written is also enforceable.