Which of the Following Would Be Eligible for a Discharge

question 38

Multiple Choice

Which of the following would be eligible for a discharge in bankruptcy?

• A)Sole proprietor
• B)LLC
• C)Corporation
• D)Partnership

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Definitions:

Loanable Funds

The supply of available capital in the financial markets for borrowing, which can be used for investment purposes by individuals and businesses.

Future Consumption

The use of goods or services at a later date, often facilitated by saving or investing in the present.

Productivity of Capital Goods

The effectiveness with which capital goods, such as machinery and equipment, produce goods or services.

Loanable Funds

The money available for borrowing in the financial market, originating from people or entities who save some part of their income.