A Liquidator Can Reverse a Transaction Entered into by a Company

question 1

Multiple Choice

A liquidator can reverse a transaction entered into by a company if it is a voidable transaction.However, there will be no obligation on the part of the payee under such a transaction to repay money to the liquidator if the transaction was:

• A)an insolvent and uncommercial transactions.
• B)made in good faith for valuable consideration when there was no reason to believe the company was insolvent.
• C)an insolvent transaction with a related entity.
• D)an unfair loan.

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Definitions:

Pubic Symphysis

The cartilaginous joint located between the left and right pubic bones near the front of the pelvis.

Ovum

The female reproductive cell or egg, which, when fertilized by a sperm, can develop into a new organism.

Glans Penis

The bulbous tip at the end of the penis, highly sensitive to stimulation.

Skin

A body covering that acts as a primary barrier against external pathogens and helps in thermoregulation and sensation.