Joel's CD- Making Business Is Looking Shaky in March, and in October

question 39

Multiple Choice

Joel's CD- making business is looking shaky in March, and in October he transfers the title to his house to his wife for $1. Immediately thereafter he files for bankruptcy. The transfer to his wife could be challenged by creditors as

• A) a stay of proceedings.
• B) a discharge.
• C) a transfer to a relative.
• D) a preference, provided that Joel's wife owes him money.
• E) none of the above.

---

Definitions:

Sedimentary Rock

A type of rock that forms from the accumulation and cementation of mineral and organic particles, often in layered deposits.

Magma

Molten rock located beneath the surface of the Earth, which can form intrusive or extrusive igneous rocks upon cooling.

Metamorphic Rock

Rock that has undergone transformation in texture, mineralogy, or chemical composition due to high temperature and pressure.

Partial Melting

The process by which only a portion of a solid is melted, often occurring in the Earth's mantle, leading to the generation of magma.