Karim Manji Owns a Small Electronics Business That Is Starting

question 86

Multiple Choice

Karim Manji owns a small electronics business that is starting to lose money because a big box store opens nearby. As a precaution, he transfers title to his home, which is currently in his name, to his wife. A week later, insolvent, he files for bankruptcy. Which of the following is true respecting the transfer of Karim's interest in the house? This is

• A)a fraudulent conveyance
• B)a fraudulent preference
• C)permissible because a spouse has a half interest in matrimonial home.
• D)a reviewable transaction
• E)permissible because he transferred it before he filed for bankruptcy

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