Fact Pattern 30-1A (Questions A8-A9 Apply)

question 35

Multiple Choice

Fact Pattern 30-1A (Questions A8-A9 apply)
Stacy sells her all-terrain vehicle (ATV) to her brother Terrill for $1,000.Twelve days later,Stacy files a petition in bankruptcy for relief through a liquidation.
-Refer to Fact Pattern 30-1A.Terrill dies while riding the ATV.Stacy is Terrill's only heir.With respect to the bankruptcy estate,the inheritance is

• A)exempt property.
• B)part of the estate if Terrill died more than 180 days after Stacy's filing.
• C)part of the estate if Terrill died within 180 days after Stacy's filing.
• D)part of the estate if the accident was in some way Stacy's fault.

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Definitions:

Contracted Visits

Arranged appointments or meetings that are formally agreed upon, often in a professional context.

Critical Incident Stress Debriefing

A process aimed at reducing trauma after a critical event, allowing participants to discuss their experiences.

Car Bombing

The use of a vehicle loaded with explosives to carry out a bombing, typically with the intent to cause damage, fear, or casualties.

Emergency Medical Technician

A healthcare professional trained to provide emergency medical services to people in need.