Which of the Following Is the Most Likely Result of a Claim

question 32

Multiple Choice

Which of the following is the most likely result of a claim of preferential payment based on the payment to the jewelry store?

• A)The payment will be considered preferential on the basis that it was made within 90 days of the filing of the bankruptcy petition only if the trustee is able to establish Jasleen's insolvency at the time of the payment.
• B)Because it was for a consumer good,the payment was not preferential unless the bankruptcy trustee can prove intent to defraud.
• C)The payment was not preferential because it was for a consumer good and was not made within 30 days of the filing of the bankruptcy petition.
• D)The payment will be considered preferential if the trustee is able to establish that the jewelry store received more through the transfer than it would have received through bankruptcy proceedings.
• E)The payment was preferential because it was made within 90 days of the filing of the bankruptcy petition.

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Definitions:

Decision Making

The process of making choices or solving problems by considering various possible courses of action.

Diversity Competency

The ability to understand, respect, and value the differences between individuals, including those of different races, ethnicities, genders, ages, religions, disabilities, and sexual orientations, among others.

Diverse Workforce

A group of employees in an organization that includes a variety of different characteristics, such as cultural background, gender, age, and abilities.

Lateral Thinking Method

A problem-solving approach that involves looking at the situation from different perspectives rather than proceeding linearly.