The Main Difference Between a Settlement and a Preference Is

question 11

Multiple Choice

The main difference between a settlement and a preference is that

• A) a settlement involves a transfer by the debtor of its property for little or no value, whereas a preference gives preferential treatment to a particular creditor.
• B) a settlement involves the Bankruptcy Court, whereas a preference involves the trustee.
• C) a settlement involves a payment, whereas a preference does not.
• D) a settlement involves an assignment, whereas a preference only involves a proposal.
• E) none of the above.

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Definitions:

Psychology

The scientific study of mind and behavior, including thought processes, emotions, and the functions of the brain.

Observable Behavior

Actions or reactions of an organism or system that can be seen and measured directly, often used in behavioral studies.

Mental Life

encompasses all mental activities, including thoughts, feelings, and perceptions, that constitute the inner experiences of an individual.

Sigmund Freud

An Austrian neurologist who founded psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.