Which of the Following Is a Payment Made by an Insolvent

question 58

Multiple Choice

Which of the following is a payment made by an insolvent debtor that gives preferential treatment to one creditor over another?

• A) An unfair payment
• B) An unequal payment
• C) A preferential payment
• D) An unendorsed payment
• E) An unapproved payment

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Definitions:

Kohlberg Construct

A theoretical framework concerning the stages of moral development formulated by psychologist Lawrence Kohlberg.

Personal Ethics

The principles that an individual considers in distinguishing right from wrong and in making decisions based on these principles.

Management Team

A group of individuals at the top of an organization who coordinate their efforts to achieve strategic and operational goals.

Self-Interest

The consideration of one's own advantage or benefit, often as a motivation for actions in a business or economic context.