To Obtain a Receiving Order, Creditors Must Prove the Debtor

question 54

Multiple Choice

To obtain a receiving order, creditors must prove the debtor has committed an act of bankruptcy. Which of the following is NOT such an act?

• A) default in a proposal that the debtor had previously persuaded the creditors to accept
• B) attempting to hide behind the corporate veil
• C) written admission by the debtor that he is unable to pay his debts
• D) an attempt by the debtor to remove or hide any of his property
• E) an assignment of assets to a trustee in bankruptcy

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Definitions:

Existence

Refers to the state or fact of being real or living.

Relatedness

The need to have meaningful connections with others and feeling a sense of belonging within social contexts.

Two-factor Theory

A psychological theory that suggests job satisfaction and dissatisfaction arise from two distinct sets of factors: hygiene factors and motivators.

Job Satisfaction

The level of contentment employees feel with their job, which can affect their performance, attitude, and motivation.