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Manuel Was Deeply in Debt

Question 52

Multiple Choice

Manuel was deeply in debt. Manuel decided to sell his $20,000 car to his cousin for $4,000 and then 9 months later Manuel declared bankruptcy. The court would


A) rule Manual legally had the right to sell his car to his cousin at that time
B) rule Manuel has made a fraudulent preference
C) rule Manuel has committed a deceptive practice
D) order the car be taken back from his cousin and order criminal penalties against Manuel
E) both C and D

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