The Idea That a Bankruptcy Is Deemed to Have Commenced

question 24

Multiple Choice

The idea that a bankruptcy is deemed to have commenced on the date of the first Act of bankruptcy within the 6 months prior to the presentation of the creditor's petition is a statement of the doctrine of:

• A)relation back.
• B)sequestration.
• C)voidable transactions.
• D)unfair preferences.

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Definitions:

Dangerous Activities

Behaviors or actions that carry a high risk of causing physical harm or injury to the individual involved or to others.

Initial Arousal

The initial phase of physiological and psychological excitement or alertness triggered by stimulus or thought.

Professional Revenue Model

A business model that is designed to generate income by providing professional services.

Cost Of Material

The expense incurred from acquiring the raw materials needed to manufacture a product or complete a project.