Voidable Preferences Include All of the Following EXCEPT

question 38

Multiple Choice

Voidable preferences include all of the following EXCEPT:

• A) a transfer of property of the debtor to or for the benefit of a creditor.
• B) payment of taxes owed to a governmental unit.
• C) a transfer of the debtor's property while the debtor was insolvent.
• D) a transfer that enables a creditor to receive more than he would have received under Chapter 7.

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Definitions:

Real-Estate Agent

A licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations.

Commission

A fee or percentage of a sale paid to an employee or agent for their services in facilitating the sale.

Principals

In a legal context, individuals or entities who authorize agents to act on their behalf in contractual or negotiation situations.

Moneys

Forms of currency, including cash and other mediums of exchange, used as a means to purchase goods and services or settle debts.