The Precursor to the European Union Was the __________

question 174

Multiple Choice

The precursor to the European Union was the __________.

• A) European Confederation
• B) Western Europe Alliance
• C) Pan-European Conference
• D) European Economic Community

---

Definitions:

Bankruptcy

A legal process for individuals or entities that are unable to repay their outstanding debts, providing a mechanism for dealing with financial insolvency.

Fraudulent Transfer

A debtor’s transfer of property in an attempt to keep it out of the hands of creditors; not a valid sale at a fair price to an innocent third party.

Bona Fide Purchaser

A person who acquires property in good faith and without awareness of any defects or problems with the title.

Reorganization Proposal

A plan aimed at restructuring a business's operations, debts, and other elements to facilitate its recovery, often used in bankruptcy proceedings to ensure the entity can continue its operations.