Elinor Performs Ten Hours of House Cleaning for Zack in Exchange

question 49

Multiple Choice

Elinor performs ten hours of house cleaning for Zack in exchange for a promissory note for $400.At the time that Elinor accepts the note,she is aware that bankruptcy proceedings are being filed against Zack.Elinor

• A)can obtain HDC status.
• B)cannot obtain HDC status,because she knows that there are bankruptcy proceedings against Zack.
• C)cannot obtain HDC status,because she did not fulfill the value requirement.
• D)cannot obtain HDC status,because she did not fulfill the good faith requirement.

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