To be set aside as a preference,a transfer must be fraudulent.

Name: To be set aside as a preference,a transfer must be fraudulent.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To be set aside as a preference, a transfer does not necessarily have to be fraudulent. A transfer can also be set aside as a preference if it is made within a certain time frame before the debtor becomes insolvent and it gives a creditor an unfair advantage over other creditors.

To Be Set Aside as a Preference,a Transfer Must Be