Which of the Following Is a Transfer or Assignment by a Debtor

question 86

Multiple Choice

Which of the following is a transfer or assignment by a debtor of title to property to a trustee or an assignee who sells the property with the proceeds of the sale going to pay creditors on a pro rata basis?

• A) An assignment for the benefit of creditors
• B) A composition agreement
• C) A sale and transfer agreement
• D) A pro rata agreement
• E) A termination agreement

---

Definitions:

Private Information

Private information refers to data that is not publicly available and pertains to an individual's personal details, preferences, or activities, often protected by privacy laws.

Punishment

A consequence imposed for a perceived wrongdoing, intended to reduce the likelihood of the behavior occurring again.

Gated Community

A form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences.

Social Capital

The networks, relationships, and norms that facilitate cooperative action and contribute to a community or society's prosperity and well-being.