The Corporations Act provides a creditor with a defence if they receive a demand from a liquidator for the return of property or money transferred or paid to them by an insolvent company. Which of the following is NOT one of the conditions of the defence?

Question

Quizplus · Accepted Answer

(a), (b) and (d) are the conditions that must be present for a creditor to defend a demand from a liquidator for the return of property or money transferred or paid to them by an insolvent company. The relation-back day is the day on which an application for winding up is lodged or the day on which the winding up is deemed to have begun. It is relevant to whether a transaction is voidable.

The Corporations Act Provides a Creditor with a Defence If