Able Gets a Judgment Against Baker in State Court for $50,000

question 62

Multiple Choice

Able gets a judgment against Baker in state court for $50,000 on July 1.On July 15,Baker files a bankruptcy petition under Chapter 7.Which of the following is true?

• A) Able is a lien creditor.
• B) A creditor with a security interest that was not perfected when the bankruptcy petition was filed has priority over Able.
• C) The judgment is a preferential transfer that will be invalidated by the trustee.
• D) Able will not be able to recover any of the judgment.

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Definitions:

False Memories

A phenomenon where a person recalls something that did not happen or recalls it differently from the way it actually happened.

Highly Superior Autobiographical Memory

An extraordinary ability to recall one's personal past events in great detail.

Amnesia

Partial or total loss of memory.

Implicit Memory

A type of memory that is unconsciously and effortlessly retrieved, affecting thoughts and behaviors, including skills and conditioned responses.