What Are the Duties of a Trustee Under Chapter 7

question 30

Multiple Choice

What are the duties of a trustee under Chapter 7?

• A) To use, sell, or lease property of the estate and to deposit or invest money of the estate.
• B) To employ attorneys, accountants, appraisers, or auctioneers and assume or reject any executory contract or unexpired lease of the debtor.
• C) To rehabilitate the accounts of the debtor.
• D) (a) and (c), but not (b).
• E) (a) and (b), but not (c).

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Definitions:

Trial Close

A sales technique where the seller asks potential buyers questions that assume the sale has been made to gauge their readiness to complete the purchase.

Features And Benefits

Explanation highlighting product or service attributes (features) and how they fulfill users' needs or desires (benefits).

Psychological Need

An intrinsic motive or desire that drives individuals to pursue goals or activities that fulfill emotional or mental requirements.

Comfort Or Luxury

Products or services designed to provide an enhanced level of ease, well-being, or indulgence beyond basic necessities.