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:

Cohabitation

The act of living together in a romantic relationship without being legally married.

Trial Marriage Cohabitation

A living arrangement in which a couple lives together in a marriage-like setting without being legally married, often to assess compatibility.

Premarital Cohabitation

The practice of living together and having a sexual relationship without being married.

Substitute Marriage Cohabitation

A living arrangement in which a couple shares a household and life together but is not legally married.