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If a Business Goes into a Reorganization Bankruptcy and Has

Question 68

Multiple Choice

If a business goes into a reorganization bankruptcy and has a contract with its employees to pay certain wages,that business:


A) must honor the employees' contract
B) may reject the employees' contract if certain procedures are followed,and with court approval
C) may automatically reject the employees' contract
D) may automatically reduce those wages by 50 percent
E) may automatically reduce those wages by 25 percent

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