Question
87.Treats 'n More Bakery Inc. expects that bankruptcy proceedings will be commenced against it within the next month, and the owner has just transferred the
87.Treats 'n More Bakery Inc. expects that bankruptcy proceedings will be commenced against it within the next month, and the owner has just transferred the title of its commercial ovens to her sister. How will this transaction be viewed by the bakery's creditors?
a.as a non arm's length transaction that may be unwound by the courts
b.as proof of the bakery's inability to operate as a going concern
c.as an unfortunate event, because now these assets are no longer available to the creditors
as an arm's length transaction that may be unwound by the courts
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