What follows is an opinion from a United States Court of Appeals.
Your task is to identify the issue in the case, that is, the social and/or political context of the litigation in which more purely legal issues are argued. Put somewhat differently, this field identifies the nature of the conflict between the litigants. The focus here is on the subject matter of the controversy rather than its legal basis.
Your task is to determine the specific issue in the case within the broad category of "economic activity and regulation".

Opinion:
STEVERSON v. CLARK et al.
No. 4112.
Circuit Court of Appeals. Fourth Circuit.
Nov. 17, 1936.
S. P. Knotts, Jr., of Columbia, S. C., for appellant.
M. E. Zeigler, of Orangeburg, S. G, for appellees.
Before PARKER and SOPER, Circuit Judges, and CHESNUT, District Judge.
Writ of certiorari denied 57 S. Ct. 508, 81 L. Ed. —.
PER CURIAM.
This is an appeal from an order refusing to adjudicate appellant a bankrupt under subsection (s) of section 75 of the Bankruptcy Act, as amended by the second Frazier-Lemke Act (Act Aug. 28, 1935, § 6 [11 U.S.C.A. § 203 (s). The judge below approved findings by the Conciliation Commissioner to the effect that an offer of composition and extension had not been made in good faith by the bankrupt; and he accordingly refused an adjudication of bankruptcy and dismissed the proceedings on that ground. For that reason, he found it unnecessary to pass upon the constitutional validity of the second Frazier-Lemke Act, although this was duly challenged in appellees’ motion to dismiss. We find nothing in the record which would justify us in disturbing the order of the District Judge approving the findings of the Conciliation Commissioner, and we agree that these afford sufficient ground for denying the adjudication and dismissing the proceedings. In re Borgelt (C.C.A.7th) 79 F.(2d) 929. In addition to this, we have recently held that the second Frazier-Lemke Act is void because violative of the Fifth Amendment to the Constitution. Robert Page Wright, Bankrupt, v. Vinton Branch of Mountain Trust Bank and five other cases (C.C.A. 4th) 85 F.(2d) 973. In any aspect of the case, therefore, the judge below properly denied the adjudication and dismissed-, the petition. The order appealed from will accordingly be affirmed.
Affirmed.

Question: What is the specific issue in the case within the general category of "economic activity and regulation"?

Choices:
taxes, patents, copyright
torts
commercial disputes
bankruptcy, antitrust, securities
misc economic regulation and benefits
property disputes
other

Answer: 3