The trustee is considering attempting to set aside each of


Sam Spender was involuntarily petitioned into bankruptcy by three of his creditors. When the trustee reviewed Sam's books and records, the trustee discovered the following transactions: (a) Three weeks before the filing of the petition, Sam bought for cash $17,000 worth of inventory for his store. (b) Sam made a $400 donation to the American Cancer society. (c) Twelve days before the filing of the petition, Sam paid a $300 electric bill for the current bill.

The trustee is considering attempting to set aside each of these transfers as a preference. Discuss the advisability of the action(s).

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Business Law and Ethics: The trustee is considering attempting to set aside each of
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