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Question
Fact Pattern 30-1In January, Jazz Dance Studio owes Kay, its musical director, $1,800 for current wages, receives $700 as a down payment for dance lessons from Lora, and pays a Music, Inc., a sheet music supplier, $1,500 of $3,000 owed. In February, the studio files for bankruptcy under Chapter 7.
Refer to Fact Pattern 30-1. The claimant with the highest priority is
a. Kay and Music, Inc.
b. Kay only.
c. Lora only.
d. Music, Inc., only.
Answer
This answer is hidden. It contains 1 characters.
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