What type of law is the vehicle for ensuring that those affected by a failed business are treated fairly,reasonably,and in accordance with agreed rules?
A) bankruptcy
B) contract
C) criminal
D) corporate

Question

Quizplus · Accepted Answer

Bankruptcy law is designed to address situations where a business cannot meet its financial obligations. It ensures that creditors and other stakeholders are treated fairly and according to established legal frameworks, facilitating an orderly process for dealing with the failed business's debts and obligations.

What Type of Law Is the Vehicle for Ensuring That