This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A voidable preference occurs when a debtor, within 2 years of filing for bankruptcy, makes a payment ... (Read 78 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Aug 3, 2018
A voidable preference occurs when a debtor, within 2 years of filing for bankruptcy, makes a payment or transfers property to one of his or her creditors in repayment of a debt.
 
  Indicate whether the statement is true or false

Question 2

To prove actual fraud, the evidence the trustee presents must persuade the court to find that no reasonable mind could conclude that the transfers were made for no other reason than to ________ the creditors.
 
  A) Benefit
  B) Pay
  C) Defraud
  D) None of these


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahchrapun

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Aug 3, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


nautica902

  • Member
  • Posts: 591
Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

The Dingo was the first placental mammal introduced to Australia, around 4000 years ago The Dingo was the first placental mammal introduced to Australia, around 4000 years ago
Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t
The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old. The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old.
Security Tips for Accepting Various Forms of Payment Security Tips for Accepting Various Forms of Payment
Phosphorus in Phospholipids Phosphorus makes up part of the phospholipids found in cell membranes Phosphorus in Phospholipids Phosphorus makes up part of the phospholipids found in cell membranes
A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have ... A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have ...
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library