Question 1

The court must confirm a plan of reorganization before it is binding on the parties.

Accepted Answer

A) True 
 B)False  True

Question 2

Match each statement with the correct term below.
-absolute surety

Accepted Answer

A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts. 
A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts. K

Question 3

Under Chapter 7,the court will not grant the debtor a discharge if the debtor

Accepted Answer

A) is not an individual. 
B) has destroyed, concealed, or failed to keep records. 
C) has transferred, removed, or concealed any of his property with intent to defraud his creditors within 12 months before the filing of the bankruptcy petition. 
D) All of the above. 
A) is not an individual. 
B) has destroyed, concealed, or failed to keep records. 
C) has transferred, removed, or concealed any of his property with intent to defraud his creditors within 12 months before the filing of the bankruptcy petition. 
D) All of the above. D

Question 4

An involuntary petition in bankruptcy:

Accepted Answer

A) eliminates the operation of an automatic stay. 
B) may only be filed under Chapter 7 or 11. 
C) must be filed by the trustee. 
D) eliminates the need for the court to order a discharge. 
A) eliminates the operation of an automatic stay. 
B) may only be filed under Chapter 7 or 11. 
C) must be filed by the trustee. 
D) eliminates the need for the court to order a discharge.

Question 5

The 2005 Act establishes a means test which determines a creditor's eligibility for a priority claim.

Accepted Answer

A) True 
 B)False

Question 6

A bankruptcy petition may be filed by one creditor of a debtor as long as the debtor owes him $14,425 or more in undisputed unsecured claims and the debtor has fewer than 12 creditors.

Accepted Answer

A) True 
 B)False

Question 7

All of the following are dischargeable in bankruptcy EXCEPT:

Accepted Answer

A) an unsecured note to a bank. 
B) a car loan. 
C) domestic support obligations arising from divorce or separation proceedings. 
D) a court judgment against the debtor. 
A) an unsecured note to a bank. 
B) a car loan. 
C) domestic support obligations arising from divorce or separation proceedings. 
D) a court judgment against the debtor.

Question 8

In an assignment for the benefit of creditors,if each creditor is paid a pro rata share of his original obligation,the debtor is then discharged from any further obligation to the creditor.

Accepted Answer

A) True 
 B)False

Question 9

An employee of a bankrupt company could be able to receive up to $11,725 in unpaid wages and up to $11,725 in contributions to employee benefit plans,for a total of $23,450 before any money is paid to a consumer to compensate for deposits paid to the company for goods which were never delivered because of the company's going bankrupt.

Accepted Answer

A) True 
 B)False

Question 10

Margaret has $3,200 cash after selling off her television,sound system,and personal computer.She has debts of $4,800 owing to the following creditors: Anna - $900
Bob's Shop - $1500
Hyatt's - $2100
Jones - $300
If they all agree to a composition,how much will Hyatt's be able to collect?

Accepted Answer

A) $2,100. 
B) $1,400. 
C) $700. 
D) $1,050. 
A) $2,100. 
B) $1,400. 
C) $700. 
D) $1,050.

Question 11

Confirmation of a plan for reorganization under Chapter 13 may be given only if:

Accepted Answer

A) the plan complies with applicable law and is given in good faith. 
B) the plan provides for payments longer than three years. 
C) the debtor remains in possession of the estate. 
D) all of the creditors agree to accept it. 
A) the plan complies with applicable law and is given in good faith. 
B) the plan provides for payments longer than three years. 
C) the debtor remains in possession of the estate. 
D) all of the creditors agree to accept it.

Question 12

A composition would bind all of the debtor's creditors to the settlement.

Accepted Answer

A) True 
 B)False

Question 13

Match each statement with the correct term below.
-security agreement

Accepted Answer

A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts. 
A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts.

Question 14

The Bankruptcy Code grants to U.S.District Courts original and exclusive jurisdiction over all bankruptcy cases.

Accepted Answer

A) True 
 B)False

Question 15

A receiver is a disinterested person appointed at the discretion of the court to manage,liquidate,and conserve assets of a debtor.

Accepted Answer

A) True 
 B)False

Question 16

Match each statement with the correct term below.
-automatic stay

Accepted Answer

A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts. 
A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts.

Question 17

A fraudulent transfer made more than one year prior to filing cannot be avoided by the trustee.

Accepted Answer

A) True 
 B)False

Question 18

Match each statement with the correct term below.
-voidable preference

Accepted Answer

A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts. 
A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts.

Question 19

Federal district courts may hear all matters collateral to the bankruptcy,even if these matters are not normally permitted to be brought in federal court.

Accepted Answer

A) True 
 B)False

Question 20

Match each statement with the correct term below.
-attachment

Accepted Answer

A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts. 
A) The right in personal property that secures payment or performance of an obligation. 
B) Goods that are so related to real property that they are considered part of the real estate. 
C) A document filed to provide notice of a security interest. 
D) Property subject to a security interest. 
E) Tangible or electronic record that evidences both a debt and a security interest in specific goods.
F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
G)Delivery of personal property to a creditor as security for payment of a debt.
H)An agreement between the debtor and creditor creating a security interest.
I)Goods bought or used primarily for personal, family, or household purposes.
J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
K)A surety liable to a creditor immediately upon the default of a principal debtor.
L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
N)A surety's assumption of the creditor's rights.
O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
S)A right to payment.
T)Enforceability of a security interest against third parties.
U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
X)Prevents attempts by creditors to recover claims against the debtor.
Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts.

Exam 38: Bankruptcy

The court must confirm a plan of reorganization before it is binding on the parties.

Match each statement with the correct term below. -absolute surety

Under Chapter 7,the court will not grant the debtor a discharge if the debtor

An involuntary petition in bankruptcy:

The 2005 Act establishes a means test which determines a creditor's eligibility for a priority claim.

A bankruptcy petition may be filed by one creditor of a debtor as long as the debtor owes him $14,425 or more in undisputed unsecured claims and the debtor has fewer than 12 creditors.

All of the following are dischargeable in bankruptcy EXCEPT:

In an assignment for the benefit of creditors,if each creditor is paid a pro rata share of his original obligation,the debtor is then discharged from any further obligation to the creditor.

Margaret has $3,200 cash after selling off her television,sound system,and personal computer.She has debts of $4,800 owing to the following creditors: Anna - $900 Bob's Shop - $1500 Hyatt's - $2100 Jones - $300 If they all agree to a composition,how much will Hyatt's be able to collect?

Confirmation of a plan for reorganization under Chapter 13 may be given only if:

A composition would bind all of the debtor's creditors to the settlement.

Match each statement with the correct term below. -security agreement

The Bankruptcy Code grants to U.S.District Courts original and exclusive jurisdiction over all bankruptcy cases.

A receiver is a disinterested person appointed at the discretion of the court to manage,liquidate,and conserve assets of a debtor.

Match each statement with the correct term below. -automatic stay

A fraudulent transfer made more than one year prior to filing cannot be avoided by the trustee.

Match each statement with the correct term below. -voidable preference

Federal district courts may hear all matters collateral to the bankruptcy,even if these matters are not normally permitted to be brought in federal court.

Match each statement with the correct term below. -attachment

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

International Business Law

Introduction to Property, property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

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