A Petition for a Discharge in Bankruptcy Under Chapter 13

question 68

Multiple Choice

A petition for a discharge in bankruptcy under Chapter 13 may be filed by

• A) Gracie, the sole proprietor of Home Net Services.
• B) Internet Portals & Pages, a partnership.
• C) World Web Services, Inc., a corporation.
• D) Internet Portals & Pages or World Web Services, Inc..

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Definitions:

Unconscionable

Describes actions or terms that are so unjust or overwhelmingly one-sided that they are considered contrary to fair play.

Public Policy

Guidelines and principles that reflect the societal values and interests which guide lawmakers and government actions.

Statute Violation

An act that breaks a specific statute law, which can be either a criminal or civil law, established by a legislative body.

Exculpatory Clause

A contract provision that releases one party from liability for harm or damages that might arise under the agreement.