Which of the following debts will NOT be discharged by bankruptcy even though a general discharge is allowed?
I. Debt owed to a corporation because the debtor was caught embezzling from it.
II. Money owed to a bank because the debtor was found to have committed fraud about her financial condition to get a loan.
III. Damages owed to a major customer because the debtor intentionally breached an important contract.
a. I only.
b. II only.
c. I and II only.
d. I, II, and III.
Answer: C
Tax
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