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Explain the Circumstances That Would Allow a Payment That Appears

question 48

Essay

Explain the circumstances that would allow a payment that appears to fraudulently favour one creditor to the detriment of the others to stand.


Definitions:

Own Sake

Pertains to actions or activities pursued for their intrinsic value or personal fulfillment, without any external reward.

Productive Resource

An economic term for the inputs used in the production of goods or services in the attempt to make an economic profit.

Inelastic

Describing a situation where the demand or supply for a good or service is not highly sensitive to changes in price.

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