Why are claims against an estate put into an order of priority? a. To help the executor

Question:

Why are claims against an estate put into an order of priority?

  a. To help the executor determine the due date for each claim.
  b. To determine which claims are to be paid if funds are insufficient to pay all claims.
  c. To assist in determining which specific assets are to be used to satisfy these claims.
  d. To list the claims in order of age so that the oldest can be paid first.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Advanced Accounting

ISBN: 978-1259444951

13th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni

Question Posted: