Which of the Following Statements Is FALSE

question 14

Multiple Choice

Which of the following statements is FALSE?

• A)a receiving order transfers the assets of the debtor to the Trustee in Bankruptcy
• B)if a partnership goes bankrupt the partners are not individually petitioned into bankruptcy
• C)bankruptcy districts across Canada each have an official receiver the trustee in bankruptcy deals with
• D)consumer proposals are almost as common as consumer bankruptcies in Canada
• E)a Division 2 proposal can be used by individuals who owe less than $250,000

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Definitions:

Socialization

Development of habits, skills, values, and motives shared by responsible, productive members of a society.

Academic Skills

Abilities and aptitudes directly related to learning and performance in educational settings, such as reading, writing, and arithmetic.

Constructive Play

Play involving use of objects or materials to make something.

Blocks

In a generic sense, refers to physical cubes or rectangular solids used variously in toys, construction, and programming contexts.