Practice question
A plan obtains exactly 50 percent of a class's total claims in favorable votes. Can that class be deemed to approve solely under Section 64's ordinary voting test?
- Yes, equality means more than
- Yes, if the debtor prefers
- Yes, every plan is deemed approved
- No, the statute requires more than 50 percent
- No creditor class can ever approve
Legal references
- RA 10142, Section 64: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
Answer this question in flashcards to review your response and continue practicing.