At the Time of the Filing of the Petition and the Time

question 34

Multiple Choice

At the time of the filing of the petition and the time of the filing of the plan, Chapter 13 imposes on the debtor the requirement of

• A) goodwill.
• B) good faith.
• C) bad faith.
• D) intent.

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Definitions:

Acceptance

Within the domain of contract law, the process of consenting to an offer's conditions, thus establishing a legally enforceable agreement.

Reasonable Means

Actions or methods that are considered fair, appropriate, and sensible according to the average person's judgment under specific circumstances.

Mailbox Rule

A legal principle that deems an offer as accepted once the acceptance is dispatched, not when it is received by the offeror.

Dispatched

refers to sending off to a destination or for a specific purpose.