A Payment by a Debtor in the Ordinary Course of Business

question 51

True/False

A payment by a debtor in the ordinary course of business, such as the payment of a utility bill, will not be set aside by the bankruptcy trustee.

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Definitions:

Ethical Relationships

Relations governed by moral principles, ensuring fairness, honesty, and respect among all parties involved.

Legal Relationships

Legal relationships refer to the formally defined connections between parties as governed by the laws and regulations of a particular jurisdiction, often pertaining to obligations, rights, and contracts.

Marketing Decisions

Choices made by a company related to the promotion, price, distribution, and product strategies to maximize business objectives.

Ethical Relationships

Interactions between individuals or entities that are grounded in practices of fairness, integrity, and respect for moral principles.