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      Question

      According to the Insolvency and Bankruptcy Code, which

      of the following is not considered afinancial creditor?
      A A person to whom a financial debt is owed Correct Answer Incorrect Answer
      B A person to whom a financial debt has been legally assigned or transferred Correct Answer Incorrect Answer
      C A person who provides goods or services on credit terms Correct Answer Incorrect Answer
      D A person who has purchased a debt instrument from another creditor Correct Answer Incorrect Answer
      E A bank that has provided a loan to a company Correct Answer Incorrect Answer

      Solution

      Section 5-Definitions: (7) “financial creditor” means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to.

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