Instructions: In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.
Input: has fewer than twelve creditors and this Court finds that the evidence produced at Trial was sufficient to establish that the Proposed Debtor was generally not paying his debts as they became due. Therefore, the only issue for this Court to address is whether the Petitioning Creditor has standing to file the Involuntary Petition. To have standing, the Petitioning Creditor must be the holder of a bona fide claim against the Proposed Debtor. London v. Hunt, 977 F.2d 829, 832 (3d Cir.1992) ("The Bankruptcy Code clearly states that an involuntary proceeding can only be filed by creditors who hold claims that are not contingent as to liability or subject to a bona fide dispute") (emphasis in original); B.D.W. Assocs., Inc. v. Busy Beaver Bldg. Ctrs., Inc., 865 F.2d 65, 66 (3d Cir.1989) (<HOLDING>); In re Tama Manufacturing Co., Inc., 436 B.R.
Holding statements: (A) holding that a bona fide purchaser may be considered in privity with its predecessor (B) holding bona fide error defense barred claim for fdpca violation which arose from mistake of law (C) recognizing that if a creditors claim is subject to a bona fide dispute that creditor lacks standing to file an involuntary petition (D) holding that bona fide dispute over whether bank actually possessed property belonging to taxpayer is reasonable cause (E) holding that unsatisfied execution creditor had rights in property superior to all but prior secured creditors and bona fide purchasers for value
Output:
(C)