Which One of the Following Actions by a Debtor Constitutes

question 108

Multiple Choice

Which one of the following actions by a debtor constitutes an act of bankruptcy?

• A) a fraudulent conveyance of liabilities to one of the creditors
• B) a fraudulent transfer of money or assets
• C) assignment of liabilities to a trustee
• D) having more debts than assets
• E) generally meeting liabilities as they become due

---

Definitions:

Natural Selection

The process by which biological traits become more or less common in a population due to consistent effects on the survival and reproduction of their bearers.

Evolutionary

Pertaining to the process of natural selection and adaptation over generations, affecting the development of biological species.

Information Processing

A cognitive approach that describes the ways in which human beings encode, store, and retrieve information.

Human Factors Engineering

The discipline focused on designing systems, products, and processes that enhance human safety, performance, and satisfaction by considering human limitations and capabilities.