In order of priority,the claims of all of the creditors in a class must be satisfied before any re?maining amounts can be distributed to the next class.

Question

Quizplus · Accepted Answer

This statement is correct. It follows the principle of class composition, where creditors within a class have equal priority in receiving payment, and all claims within a class must be satisfied before moving on to the next class.

In Order of Priority,the Claims of All of the Creditors