Fact Pattern 13-1 Damian Owns a Pick-Up Truck and a Motorcycle.He Sells the Motorcycle.He

question 27

Multiple Choice

Fact Pattern 13-1
Damian owns a pick-up truck and a motorcycle.He sells the motorcycle to Eden for $10,000.Eden pays for the cycle with a check, knowing that she had insufficient funds in her account to cover the amount.A week later, Damian files a petition in bankruptcy for relief through a liquidation.
-Refer to Fact Pattern 13-1.Regarding the sale of the cycle, the bankruptcy trustee can

• A)cancel it as a fraudulent transfer.
• B)cancel it as a voidable preference.
• C)not cancel it or sue to recover the price because it occurred before Damian filed his petition in bankruptcy.
• D)not cancel it, but can sue Eden to recover the price.

---

Definitions:

Arbitrary Approach

A method or decision-making process based on individual preference or random choice rather than any reason or system, often leading to inconsistency.

Conflict Manager

An individual or role responsible for handling and resolving conflicts within organizations or groups, often using mediation and negotiation skills.

Thomas-Kilman Conflict Model

A model identifying five strategies to handle conflict: avoiding, accommodating, competing, compromising, and collaborating.

Collaborator

Someone who brings both sides together for discussion and not only is most likely to bring about a win-win solution but is actually necessary for it.