In What Way Are a Debtor,a Creditor,and a Trustee Treated

question 2

Multiple Choice

In what way are a debtor,a creditor,and a trustee treated similarly under the Bankruptcy and Insolvency Act?

• A) All may commit criminal violations known as bankruptcy offences.
• B) All may commit a bankruptcy offence by violating specific duties established in law.
• C) All commit a bankruptcy offence if they accept payments exceeding their entitlement.
• D) All commit a bankruptcy offence if they acting in a conflict of interest.

---

Definitions:

Decision Alternative

An available option or course of action that can be taken in a decision-making process.

Expected Monetary Value

A calculation used in decision-making to determine the average outcome when the future includes scenarios that may or may not happen.

EOL Decision

A decision made regarding the end-of-life status of a product, system, or component, often concerning its discontinuation or phased out support.

Prior Probabilities

Probabilities that represent the degree of belief in a hypothesis before observing the current evidence, often used in Bayesian statistics to update beliefs after new data is obtained.