9. With respect to the terms bankrupt and insolvent as adjectives: a. Bankrupt refers to a legal...
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9. With respect to the terms bankrupt and insolvent as adjectives:
a. Bankrupt refers to a legal state; insolvent refers to the financial condition of a person or a business enterprise.
b. Bankrupt refers to the financial condition of a person or a business enterprise;
insolvent refers to a legal state.
c. Both bankrupt and insolvent refer to the financial condition of a person or a business enterprise.
d. Bankrupt and insolvent properly may be used as interchangeable adjectives.
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