"Preference Payments" Made by the Debtor to One Creditor to the Detriment

question 4

Multiple Choice

"Preference payments" made by the debtor to one creditor to the detriment of all other creditors within 90 days before the bankruptcy petition was filed:

• A) is reduced from the monies available to the general unsecured creditors.
• B) is usually written off.
• C) may be recovered and returned to the cash available for all creditors.
• D) are not recovered, as management assurances are binding.

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Definitions:

Intersexuality

A term used to describe a wide range of natural bodily variations that do not fit traditional definitions of male or female.

Mullerian Duct Inhibiting Hormone

A hormone responsible for the regression of the Müllerian ducts in the male embryo, aiding in male sex differentiation.

Internal Embryonic Structures

These refer to the complex anatomical structures that begin to develop inside an embryo during the early stages of gestation.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, responsible for carrying genetic information.