Matt Is Planning to File for Bankruptcy

question 80

Multiple Choice

Matt is planning to file for bankruptcy.He wants to keep some of his property,so he gives certain jewelry to his parents,with the understanding that they will return it later.Also,Matt sells his car,worth $5,000,to his girlfriend for $100.These transfers are:

• A) preferential transfers
• B) voidable preferences
• C) fraudulent transfers
• D) legitimate distributions of assets

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or expectations.

Deindividuation

A psychological state where an individual loses self-awareness and sense of individuality, often leading to disinhibited and impulsive behavior, typically in group settings.

Foot-In-The-Door

A persuasion technique where a small request is made first to gain compliance, followed by a larger request, increasing the likelihood of agreement.

Door-In-The-Face

A persuasion technique whereby a large, unreasonable request is made first and, if refused, a smaller, more reasonable request is made.