Which of the Following Acts on the Part of a Bankrupt

question 57

Multiple Choice

Which of the following acts on the part of a bankrupt person is not a bankruptcy offence?

• A)Giving an unfair preference 2 years prior to becoming bankrupt.
• B)Borrowing more than a prescribed amount of money without disclosing their status as an undischarged bankrupt.
• C)Becoming a director of a company without court permission.
• D)Gambling money in the 2 years prior to becoming bankrupt.

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Definitions:

EP Lubes

Extreme Pressure Lubricants designed to provide protection under high pressure and temperature conditions, often used in gears and bearings.

Hypoid Gearing

A type of gear configuration in which the gear axes do not intersect, commonly used in automotive differentials to transfer power from the driveshaft to the wheels.

Drive Axle Tires

Tires mounted on the drive axle of a vehicle, designed to provide traction and transmit power from the drivetrain to the ground.

Traction

The frictional force between a vehicle's tires and the surface it is on, allowing the vehicle to move forward or stop.