Which One of the Following Statements About Bankruptcy Is False

question 118

Multiple Choice

Which one of the following statements about bankruptcy is false?

• A) Bankruptcy law is identical in every province.
• B) "Bankruptcy" refers to a situation in which a debtor who cannot pay debts transfers his assets to a trustee who acts on behalf of creditors
• C) Bankruptcy law may allow a debtor to escape from having to pay his debts.
• D) All creditors of a bankrupt debtor are treated equally and will receive shares of the assets directly in proportion to how much is owed to each of them.
• E) A debtor who has been discharged from bankruptcy is released from his previous financial obligations.

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Definitions:

Mycobacteria

A genus of bacteria known for causing diseases like tuberculosis and leprosy in humans.

Wet Mount

A preparation of a specimen in a liquid that allows the organisms to remain alive and mobile while they are being identified.

Mordant

A substance, such as iodine, that can intensify or deepen the response a specimen has to a stain.

Parasite

An organism that lives on or in a host organism and gets its food from or at the expense of its host.