A Creditor's Petition Was Presented Against Bronson on 1 August

question 25

Multiple Choice

A creditor's petition was presented against Bronson on 1 August and a sequestration order was issued against him on 1 October.His creditors have proven that he committed one act of bankruptcy on 1 March and another on 1 January.What is the date the bankruptcy can be 'wound back to' under the doctrine of relation back?

• A)1 October.
• B)1 August.
• C)1 March.
• D)1 January.
• E)none of the above.

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Definitions:

Financial Inability

The lack of sufficient financial resources to meet basic needs or to invest in opportunities.

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A procedure in which fluid is withdrawn from a woman’s abdomen and analyzed for abnormalities in the fetus.

Downs Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays and mild to moderate intellectual disability.

Amniotic Sac

A fluid-filled sac that surrounds and protects a fetus in the uterus during pregnancy.