Which of the Following Is True Regarding Rights of a Trustee

question 95

Multiple Choice

Which of the following is true regarding rights of a trustee in a Chapter 7 bankruptcy?

• A) The trustee takes possession of the debtor's property and has it appraised.
• B) If someone else holds the debtor's property, the trustee has the power to require the person to return that property.
• C) The trustee may temporarily take over the debtor's business.
• D) The trustee takes possession of the debtor's property and has it appraised; if someone else holds the debtor's property, the trustee has the power to require the person to return that property; and the trustee may temporarily take over the debtor's business.
• E) The trustee takes possession of the debtor's property and has it appraised; and if someone else holds the debtor's property, the trustee has the power to require the person to return that property; but the trustee may not take over the debtor's business even temporarily.

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Definitions:

Schemas

In psychology, schemas are cognitive structures that help individuals organize and interpret information, based on their accumulated knowledge and experience.

Intelligence

The capacity to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

SES

Short for Socioeconomic Status, a measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Whole Number Skills

The ability to use and understand integers (positive, negative, and zero) in arithmetic operations.