All but Which One of the Following Is a Purpose

question 75

Multiple Choice

All but which one of the following is a purpose of bankruptcy legislation?

• A) To preserve existing business relations.
• B) To punish recalcitrant debtors.
• C) To bring about a quick, equitable distribution of the debtor's property among creditors.
• D) To allow rehabilitation of debtors.

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Definitions:

Passive Resignation

A state of accepting or submitting without resistance, often characterized by lack of action or initiative.

Personal Control

The degree to which an individual believes they can influence their environment and the outcomes of events in their life.

Passive Resignation

An attitude of helplessness in which individuals give up trying to cope with threats or to achieve goals because they believe that no action of theirs can be fruitful.

Social Pecking Order

The hierarchical system of social organization within a group, in which individuals are ranked in terms of dominance and subordination.