Section 548 of the Bankruptcy Code Defines as Fraudulent Certain

question 47

Multiple Choice

Section 548 of the Bankruptcy Code defines as fraudulent certain transfers made,or obligations incurred,within a specified time period.That time period is ____ month(s) .

• A)12
• B)9
• C)6
• D)3
• E)1

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Definitions:

Ignite

To set alight or begin to burn; in automotive terms, refers to the initiation of combustion.

Passive

Pertaining to systems or components that operate without active electronic control or input from the user.

Continuous

Something that occurs without interruption, in automotive terms, can refer to processes or systems that operate unceasingly.

Active

Refers to something currently in operation or in use.