Which One of the Following Actions by a Debtor Constitutes

question 10

Multiple Choice

Which one of the following actions by a debtor constitutes an act of bankruptcy?

• A) A fraudulent conveyance of liabilities to one of the creditors
• B) A fraudulent transfer of money or assets
• C) Assignment of liabilities to a trustee
• D) Having more debts than assets
• E) Generally meeting liabilities as they become due

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Definitions:

Positive Transfer

The beneficial effect of past learning on the acquisition of new skills or knowledge, where previous experiences facilitate performance on a new task.

Déjà Vu

That eerie sense that “I’ve experienced this before.” Cues from the current situation may unconsciously trigger retrieval of an earlier experience.

Misinformation Effect

A cognitive phenomenon where a person's recall of an event becomes less accurate due to the introduction of misleading information.

Retroactive Interference

A memory phenomenon where new information disrupts the recall of older information.