Which of the Following Is Not a Responsibility of the Bankruptcy

question 51

Multiple Choice

Which of the following is not a responsibility of the bankruptcy trustee?

• A) Recover all property belonging to the insolvent company.
• B) Liquidate common stock of the company.
• C) Preserve the estate from any further deterioration.
• D) Make distributions to the proper claimants.
• E) Void preferences made by the debtor within 90 days prior to the filing of the bankruptcy petition if the company was already insolvent.

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Definitions:

Trade Barriers

Restrictions imposed by governments on the free exchange of goods and services between countries, which can include tariffs, quotas, embargoes, and regulations.

Economic Infrastructure

The physical and organizational structures necessary for the operation of a society or enterprise, such as transportation, communication networks, and financial systems.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Licensing

The legal process by which a licensor grants the licensee the rights to use, produce, or sell its intellectual property in return for payment or royalties.