Which of the following statements is most accurate regarding the legal capacity of bankrupts to enter contracts?
A) Bankrupts must declare they are bankrupt in the first six months of their bankruptcy.
B) Bankrupts cannot enter a contract where the sum involved is approximately $6000 or more.
C) Bankrupts cannot enter a contract where the sum involved is approximately $4900 unless they declare they are bankrupt.
D) Bankrupts cannot enter into any contracts during the term of their bankruptcy.
Correct Answer:
Verified
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