Gene1, a Biotech Firm, Is Wholly Owned by Steve McGuire

question 2

True/False

Gene1, a biotech firm, is wholly owned by Steve McGuire, who houses the firm in a large, Victorian-era house in Vancouver.The house belongs to Gene1.Lately, however, the company has been going through some hard times.Its products are not well-received in the market and, in fact, one of its star pharmaceuticals, which though touted by stock analysts, fails to receive regulatory approval in Canada from the federal government.Sensing trouble ahead, Gene1's Board of Directors decides to deed the house to McGuire in April for $1000.In May, Gene1 makes an assignment into bankruptcy.The sale of the house will probably be reversed as a settlement.It may also be void as a preference to McGuire, if he is a creditor of the company.

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Definitions:

Hypothetical Proposition

A proposition or statement that is based on a hypothesis or an assumption rather than on known facts.

Antecedent

The “if” component in a hypothetical proposition.

Hypothetical Proposition

An assumption or proposition made for the sake of argument that explores consequences of its being true, regardless of its actual truth value.

Antecedent

In logic and grammar, it refers to the conditional clause or phrase to which a pronoun refers back; in logic, also the first part of a conditional statement.