Karim Manji owns a small electronics business that is starting to lose money because a big box store opens nearby. As a precaution, he transfers title to his home, which is currently in his name, to his wife. A week later, insolvent, he files for bankruptcy. Which of the following is true respecting the transfer of Karim's interest in the house? This is

Question

Quizplus · Accepted Answer

Karim's transfer of his interest in the house to his wife is a fraudulent conveyance because it was made with the intent to hinder, delay, or defraud his creditors.

Karim Manji Owns a Small Electronics Business That Is Starting