[Friends and Family] Jasleen Was Very Close to Her Family

question 10

Multiple Choice

[Friends and Family] Jasleen was very close to her family and friends. She also liked to spend money, and had a large amount of consumer debt for items such as jewelry, clothing, a personal watercraft, and a new car. Jasleen was having problems making her credit card payments as they became due, but she wanted to make every effort to pay her debts. She had borrowed money from her mother for some jewelry and repaid that loan on January 1st. She repaid a loan to her business partner on May 15th of the same year. On September 1st of that year, she also repaid a loan to Friendly Jewelry Store because she wanted to remain on good terms with the manager. Unfortunately, Jasleen was simply unable to continue making payments and on November 1st of that year, she filed a voluntary petition for bankruptcy relief under Chapter 7.
-Assuming the business partner received more than would have been received through bankruptcy proceedings, which of the following is the most likely result of a claim of preferential payment based on the payment to the business partner?

• A) The payment was not preferential because it was made over 90 days before the filing of the bankruptcy petition.
• B) The payment was not preferential because it was made over 120 days before the filing of the bankruptcy petition.
• C) The payment was not preferential because it was made over 180 days before the filing of the bankruptcy petition.
• D) The payment was preferential because it was made to a business partner and made within one year of the filing of the bankruptcy petition unless Jasleen can establish that she was not insolvent when the payment was made.
• E) The payment was preferential on the basis that it was made to a business partner within one year of the filing of the bankruptcy petition only if the trustee is able to demonstrate that Jasleen was insolvent when she made the payment.

Analyze the impact of European colonization on indigenous populations, focusing on first contacts and the consequences of these interactions.

Examine the role and impact of African slavery in the colonization and development of the Americas.

Investigate the strategies employed by indigenous peoples to resist European colonization, including alliances and warfare.

Compare and contrast the religious motivations and practices that influenced the colonization strategies of Spain, France, and England in North America.

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Definitions:

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The maximum lawful speed at which one can travel on a particular stretch of road.

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Safety devices designed to secure the occupant of a vehicle against harmful movement that may result during a collision or a sudden stop.

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Individuals in the transitional stage of physical and psychological development that typically occurs between puberty and adulthood.

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A vital organ located in the upper right quadrant of the abdomen, involved in numerous metabolic processes including detoxification, protein synthesis, and digestion.