Which of the Following Is Not One of the Rights

question 43

Multiple Choice

Which of the following is not one of the rights and obligations of the trustee in bankruptcy?

• A)To become the legal owner of all of the bankrupt's assets.
• B)To take ownership of any of the bankrupt's property that is acquired by the bankrupt after the commencement of the bankruptcy.
• C)To take control of all of the bankrupt's money and superannuation already paid to her.
• D)To become the legal owner of any property disposed of by the bankrupt to family members in the 4 years prior to bankruptcy.

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Definitions:

Operating Expense

ongoing costs for running a product, business, or system.

Operating Profit

The earnings of a business from its core operations, excluding the effects of interest and taxes.

Mark-up

The surplus added onto the base cost of products intended to cover operational costs and generate profit.

Unit Cost

The financial outlay required for the production, storage, or acquisition of an individual product or service unit.