If a Fraudulent Transfer Is Made to a Bona Fide

question 99

True/False

If a fraudulent transfer is made to a bona fide purchaser for value, the transaction can still be reversed for a period of one year.

---

Definitions:

Leisure Time

Leisure time is the period when an individual is not engaged in compulsory activities like work or domestic chores, allowing for relaxation, hobbies, and personal interests.

Value

The importance, worth, or usefulness of something, often measured in terms of money, cultural significance, or utility.

Employer Discretion

The latitude granted to employers in making decisions regarding hiring, salary levels, promotions, and employee termination.

Wages

Remuneration given to laborers for their efforts, usually measured in terms of hours worked, daily rates, or per unit of output.