The main difference between a transfer at undervalue and a preference is that
A) a transfer at undervalue involves an assignment, whereas a preference only involves a proposal.
B) a transfer at undervalue involves a transfer of property by the debtor for little or no value, whereas a preference gives preferential treatment to a particular creditor.
C) a transfer at undervalue involves a payment of money, whereas a preference involves other types of property.
D) a transfer at undervalue involves the Bankruptcy Court, whereas a preference involves the trustee.
E) a transfer at undervalue must be in writing, but a preference can be done orally or by conduct.
Correct Answer:
Verified
Q20: Pico has put his fashion clothing company
Q21: ChazCo carries on an Internet service business.Unfortunately,
Q22: In the context of bankruptcy proceedings, an
Q23: In order to gain creditor (as opposed
Q24: Within the context of Canada's bankruptcy system,
A)the
Q26: Sanjana decided to make an assignment in
Q27: In making a proposal under the Bankruptcy
Q28: Alexandra finished her college studies as a
Q29: Reiko notices new luxury watches in a
Q30: Ludmilla and Sudash formed ICING Inc, a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents