Multiple Choice QuestionBankruptcy is sometimes called _______ insolvency.Multiple choice question.secondarypatentlegalprimary

Break Down the Problem

1. Identify the key terms: Bankruptcy and insolvency.
2. Understand the relationship between the terms.

Relevant Concepts

1. Bankruptcy refers to a legal proceeding involving a person or business that is unable to repay outstanding debts.
2. Insolvency is the state of being unable to pay off debts, which can lead to bankruptcy.

Analysis and Detail

• The term that is commonly paired with insolvency in a legal context is "primary," as primary insolvency relates to the fundamental state of being unable to meet financial obligations.

Verify and Summarize

• Review the terms:
  • Secondary insolvency is not a standard term.
  • Patent does not relate to insolvency or bankruptcy.
  • Legal could be relevant but does not explicitly fit.
  • Primary insolvency is the correct pairing.

Final Answer

Primary