Roy,the owner of Standard Business Company (SBC) ,sells SBC to Tim for a note payable to Roy for $100,000.Tim does not pay the note and files for bankruptcy underChapter 7.The debt represented by the note is
A) dischargeable if $100,000 now seems to be a high price for SBC.
B) dischargeable under any circumstances.
C) not dischargeable if Tim concealed assets to defraud Roy.
D) not dischargeable under any circumstances.
Correct Answer:
Verified
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