The declaration by a court of law that a company or individual is inso – McqOptions

MCQOPTIONS

1.	The declaration by a court of law that a company or individual is insolvent, i.e., it cannot pay its debts on the due dates is known as
A.	Bankruptcy
B.	Penury
C.	Both of the above
D.	None of the above
Answer» B. Penury

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