Question

30. Tick the WRONG answer:

Insolvent shall be any merchant, unable to meet any due:
a. obligation arising out of, or related to a commercial transaction, including its validity, performance, non-performance, termination, invalidation or cancellation, or the consequences from its termination;
b. public-law obligation to the State or municipalities related to the merchant’s business;
c. obligation to pay wages to at least one third of the workers and employees, which has not been discharged for more than two months.
d. obligation arising out of tort.

Answer 1

d. obligation arising out of tort.

The other options describe valid situations where a merchant may be considered insolvent.