Which of the Following Was NOT a Reason Cited for Passing

question 40

Multiple Choice

Which of the following was NOT a reason cited for passing the comprehensive changes to bankruptcy law included in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

• A) The increased numbers of bankruptcy filings
• B) Significant losses associated with bankruptcy filings
• C) Making it simper and easier for consumers to file for bankruptcy
• D) Loopholes and incentives that allowed and sometimes encouraged opportunistic personal filings and abuse
• E) The fact that some bankruptcy debtors were able to repay a significant portion of their debt

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Definitions:

Majority Vote

A decision-making process where more than half of the members of a group must agree on a proposition for it to be accepted or passed.

Partnership Decision

A determination made by partners in a business regarding its management, operations, or other significant aspects affecting the partnership.

Partnership by Estoppel

A legal doctrine that treats a non-partner as if they were an actual partner due to their actions towards third parties.

Registered Dietician

A healthcare professional legally certified to assess, diagnose, and treat nutritional problems.