Question
1 Bunny is not allowed to file for Chapter 7 bankruptcy in her state. Which of the following would be a reason for this under
1 Bunny is not allowed to file for Chapter 7 bankruptcy in her state. Which of the following would be a reason for this under bankruptcy law?
Multiple Choice
- She makes too much money to pass the means test.
- She does not make enough money to pass the means test.
- She has already completed a credit-counseling seminar.
- She is an individual rather than a corporation.
2 Dr. Spec has been working for ten years on a new contact lense that will repair a person's sight back to 20/20 over the course of 12 months. The doctor knows that this will be a game changer for his profession. He wants to see how the product is received so he creates a few to sell in his practice. He sold the first pair to John on December 1, 2018. In fact the contact lenses have worked better than expected with perfect vision within just a month. A Youtube video about the new contact lenses goes viral on January 4, 2019. On January 1, 2019, Dr. Spec files a provisional application for a patent that is approved 6 months later. Dr. Spec's patent will expire on
Multiple Choice
- January 1, 2039.
- December 1, 2038.
- January 1, 2033.
- July 11, 2039.
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