The Main Difference Between a Settlement and a Preference Is

Multiple Choice

The main difference between a settlement and a preference is that

A) a settlement involves an assignment,whereas a preference only involves a proposal.
B) a settlement involves a transfer by the debtor of its property for little or no value,whereas a preference gives preferential treatment to a particular creditor.
C) a settlement involves a payment,whereas a preference does not.
D) a settlement involves the Bankruptcy Court,whereas a preference involves the trustee.
E) a settlement must be in writing,but a preference can be done orally or by conduct.