Business Obligations – NBC Institute

BL – May 2016 – L1 – SA – Q6 – Business Ethics and Corporate Governance

Identify the amount that triggers insolvency for unpaid debts within a specific period.

Question

A company is said to be insolvent when it is unable to pay its debts within three weeks after a written demand for the payment of an amount of money exceeding
A. ₦1,500
B. ₦2,000
C. ₦5,000
D. ₦7,500
E. ₦10,000

Answer

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Tags: Business Obligations, Debt Repayment, Insolvency
Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: MAY 2016

Question Tag: Business Obligations

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BL – May 2016 – L1 – SA – Q6 – Business Ethics and Corporate Governance

Identify the amount that triggers insolvency for unpaid debts within a specific period.

BL – May 2016 – L1 – SA – Q6 – Business Ethics and Corporate Governance

Identify the amount that triggers insolvency for unpaid debts within a specific period.

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Identify the amount that triggers insolvency for unpaid debts within a specific period.

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Identify the amount that triggers insolvency for unpaid debts within a specific period.

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