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Question
Fraudulent conveyance is best described by which of the following situations:
a. A new company spun off by its parent to the parents shareholders that enters bankruptcy is found to have been substantially undercapitalized when created
b. An acquiring company pays too high a price for a target firm
c. A company takes on too much debt
d. A leveraged buyout is taken public when its operating cash flows are increasing
e. None of the above
Answer
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