In the Context of Bankruptcy Laws, an 'Unfair Preference' Is

question 34

Multiple Choice

In the context of bankruptcy laws, an 'unfair preference' is:

• A)the payment by a debtor of amounts owed to one creditor at the expense of the other creditors.
• B)a payment of money by the bankrupt to a person with a close connection to the bankrupt individual (e.g.a partner, spouse or child) in the four years prior to bankruptcy.
• C)any voidable transaction.
• D)a transfer of property or payment to a related entity in the four years prior to bankruptcy.

---

Definitions:

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant, and is one of the most popular beverages globally.

Lawnmowers

Equipment used in the maintenance of lawns and gardens that cuts grass to an even height, available in various types including push, riding, and robotic mowers.

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Current Income

The total amount of money received by an individual or entity in a specified period from various sources, including wages, investments, and other earnings.