A Commercial Proposal Made by an Insolvent Person Is an Offer

question 29

Multiple Choice

A commercial proposal made by an insolvent person is an offer made by the debtor to his creditors

• A) to reorganize his business and straighten out his affairs.
• B) for providing an orderly repayment of his debts (or some part of his debt) over a period of time.
• C) to not resist a receiving order.
• D) whereby the debtor agrees to file for bankruptcy.
• E) to make an assignment of all assets.

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Definitions:

Ethnic Minority

A group within a country or society that is distinguished from the majority by cultural, religious, linguistic, or racial characteristics, and often experiences differential treatment or marginalization.

Media

The various means of mass communication considered collectively, including television, radio, newspapers, and the internet, that disseminate information or entertainment to the public.

Racial Purity

A controversial and debunked concept often used to justify discriminatory practices, suggesting that certain races should remain "pure" and not intermix with others.

Apartheid

A system of institutionalized racial segregation and discrimination that existed in South Africa from 1948 until the early 1990s.