FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

32. Which of the following payments is considered preferential? A. Payments made in the ordinary course of business. B. Payment of monthly utility bills. C.

image text in transcribed
image text in transcribed
32. Which of the following payments is considered preferential? A. Payments made in the ordinary course of business. B. Payment of monthly utility bills. C. Payment made by an insolvent debtor within 50 days of the filing of the bankruptcy petition. D. Payment to a creditor giving him a greater percentage of a preexisting debt than other creditors

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Constitutional And Administrative Law

Law Express Constitutional And Administrative Law

Authors: Chris Taylor

6th Edition

1292210109, 978-1292210100

More Books

Students also viewed these Law questions

Question

★★★★★
Stakeholder ownership of the process is at least as important as the quality of data.

Answered: 1 week ago

Question

★★★★★
Match the following list of items to the letters A through F in Figure. 1. Create Order. 2. Master Price List. 3. Customer Order. 4. Order Database. 5. Sales Order. 6. EnterOrder. Order Entry

Answered: 1 week ago

Question

★★★★★
Two groups of children decide to make a draw so that a three-member committee is selected. The first group consists of 7 boys and 3 girls, while the second group has 1 boy and 5 girls. The selection...

Answered: 1 week ago

Question

★★★★★
PAR AND NO-PAR, COMMON AND PREFERRED STOCK Valdez Company had the following stock transactions during the year: (a) Issued 24,000 shares of $1 par common stock for $26,000 cash. (b) Issued 20,000...

Answered: 1 week ago

Question

★★★★★
Ticker Nominal Last_Price Value Stock_1 DEVA 1.126 23,84 26.844 Stock_2 OTKAR 125 198,80 24.850 Stock_3 TKFEN 1.804 14,53 26.212 Stock_4 PGSUS 403 54,80 22.084 Stock_5 TKCELL 1.827 15,69 28.666...

Answered: 1 week ago

Question

★★★★★
List three main departures that the U.C.C. made from the common law of contracts. Also explain all of these.

Answered: 1 week ago

Question

★★★★★
An automobile assembly line operates for two shifts aday.Thefirst shiftaccountsfortwo-thirds oftheover-all production. The task of quality control engineers is to monitor the number of...

Answered: 1 week ago

Question

★★★★★
Safe or not, he made it up the tower; since he is, after all, a warrior. The ransom note read: "If you wish to see Princess Eva alive, bring all the diamonds from the royal treasury to the Kingdom of...

Answered: 1 week ago

Question

★★★★★
There are 7 Code-A-Pillar command blocks; 3 left, 2 straight, 1 right, and 1 sound. 3 blocks were chosen at random for the Code-A-Pillar. What is the probability that the 2 straights were chosen for...

Answered: 1 week ago

Question

★★★★★
1) An organisation has the following contribution function: Contribution = 5X + 10Y where X = the number of units of product X produced, and Y = the number of units of product Y produced. A graph has...

Answered: 1 week ago

Question

★★★★★
Case Study: If Only I Had Known A few months ago, Maria Turks, manager of client care at Willowpark Retirement Centre, was asked to review a job description for caregiver as 25 people in this job...

Answered: 1 week ago

Question

★★★★★
1. Effort is important.

Answered: 1 week ago

Question

★★★★★
2. Set up two points representing the pillars of your values system. Discuss this with the others in the group.

Answered: 1 week ago

Question

★★★★★
8. Find values in the Norwegian culture that you believe have been stable over a long period. Do you feel that these values say something about your own values?

Answered: 1 week ago

Previous Question Next Question