Matt Files a Petition for a Discharge in Bankruptcy

question 52

Multiple Choice

Matt files a petition for a discharge in bankruptcy. His failure to appear at a meeting of the creditors listed in his schedules may result in him being​

• A) ​denied a discharge of bankruptcy.
• B) ​fined.
• C) ​held in contempt.
• D) ​imprisoned.

---

Definitions:

Course of Dealing

The history of conduct between parties in a transaction, which can help interpret their agreement and obligations.

Perfect Tender Rule

a legal principle under the UCC that requires sellers to deliver goods that exactly meet the terms of the contract with the buyer.

Substantial Performance

A legal principle allowing a party to enforce a contract if they have fulfilled enough of its terms to warrant payment, even if there are minor breaches.

Entry Conflict

The initial disagreement or discord that arises when entering a new situation, group, or environment, often due to differing expectations or norms.