43 owen borrows money from pat owen defaults to use

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Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Chapter 33 / Exercise 6
Anderson's Business Law and the Legal Environment, Comprehensive Volume
Jennings/Twomey
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43. Owen borrows money from Pat. Owen defaults. To use attachment as a remedy, Pat must first a. file a suit against Owen. b. lose a suit against Owen. c. succeed in a suit against Owen. d. take possession of Owen's property.
____ 44. Delta Finance Company obtains a judgment against Eve for a debt and wishes the sheriff to seize and sell Eve's property. Delta must return to the court that issued the judgment and obtain a writ of
____ 45. Don, an employee of E-Web Service, owes Full Credit Company $7,000. The extent to which his wages may be garnished to pay the debt is restricted by
Fact Pattern 16-3 Adam asks Beth to co-sign a credit application so that he can borrow money and buy a truck from Carl's Quality Motors.
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Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Chapter 33 / Exercise 6
Anderson's Business Law and the Legal Environment, Comprehensive Volume
Jennings/Twomey
Expert Verified
____ 46. Refer to Fact Pattern 16-3. If Beth signs the application but fails to condition her signature on Carl's agreement to pursue its legal remedies against Adam before looking to her, then Beth is
____ 47. Refer to Fact Pattern 16-3. If Beth signs the application only after language is included that requires Carl's to exhaust its legal remedies against Adam before looking to her, then Beth is a. a guarantor only. b. a guarantor and a surety. c. a surety only. d. neither a guarantor nor a surety.
____ 48. Amy signs a lease on behalf of Business Start-up, Inc. (BSI), with Cool Properties, Inc. As part of the lease, Amy signs a document titled "GUARANTY," which states that it is "an absolute guaranty" of the lease's performance. If BSI stops paying the rent, under the decision of the court in Case 16.1, JSV, Inc. v. Hene Meat Co. , it is most likely that liability for the unpaid rent will be assessed against
____ 49. Donna goes through an involuntary bankruptcy proceeding. An involuntary bankruptcy occurs when
____ 50. Pete's Auto Repair receives a discharge in bankruptcy, even though some creditors hold judgments on overdue debts against it and others filed actions to collect on overdue debts before the bankruptcy. Pete's discharge will
Practice Exam 4 Sp 2012 Answer Section MULTIPLE CHOICE PTS: 1 REF: 388 OBJ: TYPE: N
2. ANS: B PTS: 1 REF: 393 OBJ: TYPE: N 3. ANS: B PTS: 1 REF: 395 OBJ: TYPE: = 4. ANS: B PTS: 1 REF: 397 OBJ: TYPE: = 5. ANS: C PTS: 1 REF: 402 OBJ: TYPE: N 6. ANS: C PTS: 1 REF: 411 OBJ: TYPE: = 7. ANS: D PTS: 1 REF: 412 OBJ: TYPE: N 8. ANS: B PTS: 1 REF: 412 OBJ: TYPE: N 9. ANS: C PTS: 1 REF: 412 OBJ: TYPE: N 10. ANS: C PTS: 1 REF: 412 OBJ: TYPE: = 11. ANS: D PTS: 1 REF: 412 OBJ: TYPE: N 12. ANS: D PTS: 1 REF: 415 OBJ: TYPE: N 13. ANS: D PTS: 1 REF: 415 OBJ: TYPE: N 14. ANS: B PTS: 1 REF: 424 OBJ: TYPE: + 15. ANS: D PTS: 1 REF: 427 OBJ: TYPE: = 16. ANS: A PTS: 1 REF: 430 OBJ: TYPE: N 17. ANS: B PTS: 1 REF: 430 OBJ: TYPE: = 18. ANS: A PTS: 1 REF: 432 OBJ: TYPE: N 19. ANS: A PTS: 1 REF: 435 OBJ: TYPE: N 20. ANS: A PTS: 1 REF: 435 OBJ: TYPE: N 21. ANS: A PTS: 1 REF: 437 OBJ: TYPE: N 22. ANS: A PTS: 1 REF: 437 OBJ: TYPE: N 23. ANS: D PTS: 1 REF: 438 OBJ: TYPE: N 24. ANS: B PTS: 1 REF: 441 OBJ: TYPE: + 25. ANS: B PTS: 1 REF: 453 OBJ: TYPE: + 26. ANS: B PTS: 1 REF: 454 OBJ: TYPE: + 27. ANS: C PTS: 1 REF: 456 OBJ: TYPE: N 28. ANS: C PTS: 1 REF: 457 OBJ: TYPE: = 29. ANS: C PTS: 1 REF: 457 OBJ: TYPE: + 30. ANS: C PTS: 1 REF: 458 OBJ: TYPE: + 31. ANS: C PTS: 1 REF: 458 OBJ: TYPE: N 32. ANS: B PTS: 1 REF: 464 OBJ: TYPE: N 33. ANS: C PTS: 1 REF: 470 OBJ: TYPE: = 34. ANS: C PTS: 1 REF: 470 OBJ: TYPE: = 35. ANS: B PTS: 1 REF: 473 OBJ: TYPE: N 36. ANS: B PTS: 1 REF: 484 OBJ: TYPE: N 37. ANS: B PTS: 1 REF: 485 OBJ: TYPE: N 38. ANS: C PTS: 1 REF: 485 OBJ: TYPE: = 39. ANS: B PTS: 1 REF: 486 OBJ: TYPE: + 40. ANS: B PTS: 1 REF: 486 OBJ: TYPE: N 41. ANS: B PTS: 1 REF: 487 OBJ: TYPE: =
42. ANS: B PTS: 1 REF: 489 OBJ: TYPE: N 43. ANS: A PTS: 1 REF: 492 OBJ: TYPE: N 44. ANS: C PTS: 1 REF: 493 OBJ: TYPE: N 45. ANS: C PTS: 1 REF: 493 OBJ: TYPE: N 46. ANS: C PTS: 1 REF: 495 OBJ: TYPE: N 47. ANS: A PTS: 1 REF: 495 OBJ: TYPE: N 48. ANS: A PTS: 1 REF: 495 OBJ: TYPE: N 49. ANS: C PTS: 1 REF: 500 OBJ: TYPE: + 50. ANS: D PTS: 1 REF: 504 OBJ: TYPE: +

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