Jim Salazar is the majority shareholder of XYZ Co. XYZ Co. filed for Chapter 11 Bankruptcy on January 1, 2008. Which of the following would be considered a fraudulent transfer? a. Transfer ofland to Jim's sister Alice on July 1, 2006, with the intent to place the land beyond the reach of creditors. b. Transfer of fixed assets to Jim's brother John on December 15, 2007, with the intent to place the fixed assets beyond the reach of creditors. c. Transfer of inventory to a subsidiary for less than fair value on August 1, 2006. d. Sale of inventory at regular price to a new customer on February 15, 2008. e. Two of the above Which of the following is listed as a possible indicator of a "bust-out"? a. The company decreases its credit purchases. b. Credit references cannot be verified. c. Records are missing, inaccurate, or damaged. d. Transactions are frequently paid by wire transfer within the discount period. e. The company is publicly traded on a US stock exchange All of the following are examples of ways to conceal assets in a bankruptcy or divorce fraud except: a. Dispersing cash received from receivables to third party b. Damaging or hiding the books and records of the debtor c. Not disclosing interests held in other partnerships, corporations, or other assets d. Not reporting sales on the debtor's books but dispersing them to another entity e. All of the above are ways to conceal assets All of the following observations are true about a criminal case EXCEPT: a. the case is most often settled before it goes to trial. b. ajury's decision must be unanimous. c. guilt must be established beyond a reasonable doubt. d. a guilty defendant can be punished by serving ajail sentence and a fine paid to the government. e. defendants have the right to "plead the fifth" to avoid self-incrimination