In the Context of Bankruptcy Law, 'Voidable Transactions' Include

question 17

Multiple Choice

In the context of bankruptcy law, 'voidable transactions' include:

• A)Transfers to non-related entities in the two years prior to bankruptcy.
• B)All transfers of property made in the five years prior to the bankruptcy if the bankrupt was insolvent at the time.
• C)Transfers of property made to relatives or friends for consideration less than market value within the four years prior to bankruptcy.
• D)Transfers of property that were made when the bankrupt was solvent that have the effect of giving a creditor an unfair preference.

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Definitions:

Lasagna

A traditional Italian dish made with layers of flat pasta alternating with fillings such as ragù (meat sauce), vegetables, cheese, and seasonings and sauces.

Analogical

Pertaining to or based on analogy, the comparison between two things for the purpose of explanation or clarification.

Symbolic

Relating to or characterized by symbols or symbolism, often representing something abstract in concrete form.

Analogical Representation

The mental depiction of one idea based on the structure or details of another, analogous situation.