Refer to Fact Pattern 30-1A. Regarding the sale of the cycle, the trustee may
A. cancel it as a fraudulent transfer.
B. cancel it as a voidable preference.
C. not cancel it because it is a sale, not a gift.
D. not cancel it, but can sue Floyd’s estate for the return of the $1,000.
Answer:A
Refer to Fact Pattern 30-1A. Regarding the sale of the cycle, the trustee may
A. cancel it as a fraudulent transfer. B. cancel it as a voidable preference. C. not cancel it because it is a sale, not a gift. D. not cancel it, but can sue Floyd’s estate for the return of the $1,000.