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QUESTION 1 On March 15, 2020, Nichols Corporation, an garden implement dealer, was petitioned into involuntary bankruptcy under the liquidation provisions of Chapter 7 of

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QUESTION 1 On March 15, 2020, Nichols Corporation, an garden implement dealer, was petitioned into involuntary bankruptcy under the liquidation provisions of Chapter 7 of the Federal Bankruptcy Code. The following occurred before the bankruptcy petition was filed: Nichols Corporation paid their annual pledge to the James Davis Scholarship Fund at the University of Mississippi Please indicate with Yor N (Yes or No) if the transaction would be set aside by the bankruptcy trustee. O Ves NO

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