29. Frank is planning on filing a petition for bankruptcy and does not want to lose certain items of equipment. If he gives them to Henry, planning on taking them back after he has been discharged:

A)the trustee can recover the items if Henry was a member of Frank's family.

B) the trustee can recover the equipment.

C) the trustee cannot recover the equipment.

D) the trustee cannot recover the equipment unless Henry also files bankruptcy.

33. Several individuals want to start a for-profit business. They would like to structure it so (1) it is a completely separate business entity from the investors, and (2) the investors will not be liable for any of the debts of the business if it is unsuccessful.

Their best choice for a business entity would be?

A) A sole proprietorship.

B)General Partnership

C)A 501c3 Corporation

D)Either a C-Corp or an S-Corp