Debtor files for bankruptcy on December 1, 2020. The bankruptcy trustee will find the following things. Tell me if each of these are examples of a preferential treatment or not, and explain why

Debtor and First Bank entered into a loan agreement on February 1, 2020. The loan was for $100,000 at 5% interest. This was an unsecured loan. The loan was to be paid back on August 1, 2020 in full (102500). The debtor did not repay on August 1st but did send a partial payment of $25,000 to First Bank on September 30, 2020.

Same as above except the loan was to be paid back in one year with monthly payments of $8250. The debtor made payment every month starting with March 1st and ending on December 1st.

Creditor financed the purchase of inventory for the debtor in the amount of $50,000. There was a proper security agreement and financing statement. The inventory was delivered to the debtor on July 31, 2020. The financing statement was file in the proper place on September 15, 2020.

Creditor financed the purchase of a piece of equipment for the debtor in the amount of $100,000 on August 15, 2020. All of the proper documents were created. The equipment was delivered to the debtor on August 29, 2020. The creditor filed the financing statement at the

Question 1 (1 point) Silver's Gym ordered $10,000 worth of fitness equipment from Sports Equipment, Inc. If Silver's fails to pay for the equipment, Sports Equipment, Inc. can enforce the contract: O Only if there is a writing signed by both Silver's and Sports Equipment, Inc. O Even if neither party has signed the contract O As long as there is a writing signed by Silver's O As long as there is a writing signed by Sports Equipment, Inc. Save Question 2 (1 point) If both parties to a contract are mistaken regarding market conditions, such as the likely price of gasoline in the future, then ordinarily they: O Are required to renegotiate the contract. O Are stuck with the contract. Have no contract. O Are both discharged from further performance of the contract. Save Question 3 (1 point) National Widget, Inc. and Widgets-For-A-Buck entered into a contract requiring National Widget to supply widgets worth $10,000 over a 6 month period. The only written evidence of the contract is a memo in the file of Widgets-For-A-Buck. The memo states "Ordered 10,000 widgets from NW. Delivery 6 mon." The memo is signed by Waldo Walters, the president of Widgets-For-A-Buck. Under the Statute of Frauds, the contract is: 1 of 13 3/24/11 8:51 AM O Not enforceable by either party. O Enforceable by either party. O Enforceable by National Widget, Inc. only. O Enforceable by Widgets-For-A-Buck only.Question 3 ccounting theorists? Some researchers who utilise Legitimacy Theory posit that organisations will attempt to operate within the terms of their 'social contract'. What is a social contract? Question 4 In 2006 the Australian Government established an inquiry into corporate social responsibilities with the aim of deciding whether the Corporations Act should be amended so as to specifically include particular social and environmental responsibilities within the Act. At the completion of the inquiry it was decided that no specific regulations would be added to the legislation, and that instead, 'market forces' would be relied upon to encourage companies to do the 'right thing' (that is, the view was expressed that if companies did not look after the environment, or did not act in a socially responsible manner, then people would not want to consume the organisations' products, and people would not want to invest in the organisation, work for them, and so forth. Because companies were aware of such market forces they would do the 'right thing' even in the absence of legislation). You are required to explain the decision of the government that no specific regulation be introduced from the perspective of: 1. Public Interest Theory 2. Capture Theory 3. Economic Interest Group Theory of regulation.Question 25 (1 point) Listen Cole Contracting agreed to build an outbuilding for Diego in exchange for $100,000. The outbuilding was to be built during May and June and Diego was to pay by July 15. The construction was completed on schedule. Because they were were experiencing some financial difficulties, Cole Contracting had verbally assigned their contractual rights to Putong Lumber Supply in late May. Cole Contracting had provided a letter to Diego to let him know about the arrangement. Diego, unhappy about the quality of the construction, refused to pay and took Cole Contracting to court. Which of the following statements is true? ()a) This is an example of statutory assignment of rights. If Putong Lumber wants to enforce their rights they can sue Diego without involving Cole Contracting. () b) This is an example of equitable assignment of rights. If Putong Lumber wants to enforce their rights they'll have to sue both Diego and Cole Contracting. ()d) This is an example of equitable assignment of rights. If Putong Lumber wants to enforce their rights they can sue Diego without involving Cole Contracting. ()d) This is an example of statutory assignment of rights. If Putong Lumber wants to enforce their rights they'll have to sue both Diego and Cole Contracting. Question 26 (1 point) Listen An owner specified a certain roofing material for its project after being persuaded by its manufacturer that it was "the best material to use for this situation". A subcontractor on the project installed this roofing material carefully in accordance with the manufacturer's instructions. There was no roofing guarantee in the contract with the general contractor. The roof leaked two years after the work was done because of the inferior quality of the roofing material. Against whom should the owner claim? (a) the product salesman b) the product manufacturer O c) the subcontractor O d) the general contractorQuestion 35: {3 Points) Question 36: {3 Points} Question 37: {3 Polnts]: Question 33: {3 Points) Aiood delivery service promises customers to be compensated tor delayed delivery if the package cannot be delivered in under an hour. Delivery time for food packages is known to follow a normal distribution with a mean of 56.5 minutes and a standard deviation cl 5 minutes. It delivery is completed as promised on time. what is the probability that the delivery took more than the expected time? Consider yourself and your competitor submitting bids on the city oi Montreal contracts. Past data indicates your competitor has submitted bids 75% of the time. The chance that you win a contract will be 25% if the competitor bids on the contract However. your chance to win a contract will increase to 70% if the competitor does not bid on the contract. What is the probability that you will win the contract? : To manage perishable Items at the storages, local grocers decide on the number of items to keep in stock on weekly basis. Suppose that the weekly demand for the item ls normally distributed with a mean of 80 units and a standard deviation of 9 units. If the grocer wants to control the probability of stock out of the item to no more than 4% In a week, now many units of the Item should be kept In the storage? : Patrons at a local restaurant are broadly classied as 90% regular and 10% as new on yearly basis. Drink preferences indicate wine was ordered by 30% of the regular customers. and by 50% of the new customers. If wine is ordered, what is the probability that the person ordering is a regular customer'? Question 1 (1 point) 3 Indicate (by number) how the component items listed below would appear in sequence on the US 1040 as described in the chapter notes. Adjusted Gross Income Adjustments to income (special deductions allowed to either itemizers or 9 non-itemizers) Total Income 12 Computed Income Tax Liability for the year Income Tax Liability after Nonrefundable Credits 15 Standard Deduction or Itemized Deductions Taxable Income Income Taxes Paid and Refundable Credits Taxes Due or Refund to be Received