Examlex
Javed has created a website for his company.The website is strictly informational.It does not allow customers to buy products online or post their own content.Which of the following statements is TRUE?
Voidable Preference
A legal term referring to a payment or asset transfer made by a debtor that can be invalidated by a bankruptcy trustee under certain conditions.
Insider
An individual with access to confidential information about a company, often an employee or executive, which can affect financial decisions or market performance.
Liquidation
The process of converting a company's assets into cash to pay off creditors before ceasing operations or redistributing assets to shareholders.
Security Interest
A legal claim or lien on collateral that secures the repayment of a debt or performance of some other obligation.
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