Lynn, the owner of Market Sales Company, sells the firm to Nell for a note payable to Lynn for $100,000. Nell does not pay the note and files for bankruptcy underChapter 7. The debt represented by the note is
A) dischargeable if $100,000 was a high price for the firm.
B) dischargeable under any circumstances.
C) not dischargeable if Nell concealed assets to defraud Lynn.
D) not dischargeable under any circumstances.
Correct Answer:
Verified
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