Business, 22.12.2021 04:50, ShexSmart1646

47-Kent Pay is the 100% owner of ABC Corporation. The corporation ceased operations and terminated its legal existence. At that time, the corporation was declared bankrupt, had no assets, but still owed $100,000 to Hugh Lawst, a creditor. Who must pay Hugh Lawst what is owed to him? a. Kent Pay, the 100% owner of ABC Corporation.

b. The government of the state in which the corporation was created.

c. The U. S. government since all business loans are guaranteed by the federal government.

d. No one.

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47-Kent Pay is the 100% owner of ABC Corporation. The corporation ceased operations and terminated i...