Which of the Following Would Not Be Considered a Fraudulent

question 36

Multiple Choice

Which of the following would not be considered a fraudulent conveyance or a voidable preference under the provisions of the Code? Immediately prior to filing bankruptcy:

• A) debtor sells assets well below fair market price to Freddie, a friend.
• B) debtor sells his car at a public auction, thinking that it would bring a decent price, but the car brings an amount well below fair market value.
• C) debtor's corporation transfers assets to stockholders in lieu of cash dividends.
• D) debtor pays $650 to "Nation on Line" for the past ten months of Internet service.

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Definitions:

Control Theory

A theory in sociology and criminology that explains an individual's bond to society prevents them from engaging in antisocial behavior.

Adult Deviance

Nonconformity to established adult norms and values, often resulting in negative societal reactions.

Retreatist Subculture

A social group that rejects both the societal goals and the means to achieve them, retreating from society's expectations.

Double Failures

Situations or instances where two simultaneous shortcomings or losses occur.