Domenico Is a Tradesman Who Works as an Independent Contractor

question 33

Multiple Choice

Domenico is a tradesman who works as an independent contractor. When the economy went into a recession and new construction projects dried up, he found it impossible to make ends meet. As a result, he has stopped meeting his debts as they fell due. Which of the following statements is TRUE?

• A) A court will issue a receiving order only if Domenico enters bankruptcy through assignment.
• B) Domenico is already bankrupt.
• C) Domenico's failure to pay his debts as they fall due constitutes an act of bankruptcy.
• D) Because he is an individual, rather than a corporation, Domenico may be put into bankruptcy through the process of assignment, but not through a creditor's application for a bankruptcy order.
• E) None of the above.

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Definitions:

Hidden Objects

Games or puzzles where the player must find items from a list that are hidden within a picture.

Hypothalamus

A region of the brain below the thalamus, coordinating both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.

Homeostasis

The regulation of internal conditions within cells or organisms to maintain a stable, constant environment.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate, digestion, and respiratory rate.