Geddes Ltd. Is not able to pay its debts when required, but it wants to prevent bankruptcy and continue to carry on business. Geddes Ltd. should consider . voluntarily assigning its assets to a trustee in bankruptcy petitioning for a receiving order making a proposal to its creditors avoiding creditors until it returns to financial health
Geddes Ltd. Is not able to pay its debts when required, but it wants to prevent bankruptcy and continue to carry on business. Geddes Ltd. should consider .
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voluntarily assigning its assets to a trustee in bankruptcy |
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petitioning for a receiving order |
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making a proposal to its creditors |
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avoiding creditors until it returns to financial health |
In which of the following circumstances will bankruptcy occur : (select all that applies)
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When the single largest creditor or group of creditors indicates their desire that bankruptcy should occur. |
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When a voluntary assignment is made. |
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None of the answers is correct. |
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When a financial arrangement with trade creditors is not approved by the court |
Clark starts a music store called Megamax. The store specializes in popular music for teenagers. Later, Judy also sets up her own music store and calls it Maganax. To protect his trademark, Clark may
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register his mark under the Trademarks Act |
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register his mark under the Patents Act |
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register his mark under the Copyright Act |
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bring a passing off action against Judy |
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