Thirty-One Days Before Filing a Petition in Bankruptcy,Frida Transfers Prop?erty

question 37

Multiple Choice

Thirty-one days before filing a petition in bankruptcy,Frida transfers prop?erty and makes payments that favor one creditor over another.These are

• A)affirmation agreements.
• B)preferences.
• C)secured interests.
• D)unsecured debts.

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Definitions:

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer, offering similar benefits and functionalities.

Inelastic

A term describing a situation in which the quantity demanded or supplied of a good or service is relatively unresponsive to changes in price.

Elastic

Describes a situation in which the demand for a good or service significantly changes in response to changes in price.

Elastic

Describes a situation where the demand for a product or service significantly changes in response to a change in its price.