A Trustee in Bankruptcy May Avoid Which of the Following

question 29

Multiple Choice

A trustee in bankruptcy may avoid which of the following?

• A) Fraudulent transfers
• B) Voidable preferences
• C) Automatic stays
• D) Both fraudulent transfers and voidable preferences

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Definitions:

Informal Authority

Influence and power within an organization that stems from personal attributes or relationships, rather than formal position.

Social Position

The standing or rank of a person or group within the social hierarchy of a society.

Authority

The ability or prerogative to direct, decide, and demand adherence.

Power

The ability to influence or control the behavior of people or the course of events.