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bigcaat bigcaat
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7 years ago
Mike's business is not doing too well and he is contemplating bankruptcy unless things change soon. As he currently deals with his creditors, the guiding principle should be that
a. creditors of the same class should be treated equally.
b. preferences should not include family or friends.
c. all transactions within three months preceding bankruptcy are indefensible.
d. transfers of property such as the sale of inventory will be invalidated.
e. bankruptcy is an avenue of last resort and should be avoided at all cost.
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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Existence87Existence87
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7 years ago
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