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49.
(p. 685)
Assuming the court follows the reasoning of
Bates County Redi-Mix Inc. v. Windler
discussed in the text, which of the following is the most likely result if Good Windows proceeds
with attempting to obtain a lien?
50.
(p. 685)
Assuming the court follows the reasoning of
Bates County Redi-Mix Inc. v. Windler
, which
of the following is true regarding the type of lien, if any, that Good Windows is entitled to obtain
prior to going to court?
51.
(p. 684)
Which of the following is the most likely result if Rex proceeds with attempting to obtain
and enforce a lien?
52.
(p. 689)
What type of order allowed Peggy to seize money from Molly's bank account?
53.
(p. 688)
Which of the following is the term for what Peggy requested when she requested that the
judge have law enforcement officers seize and sell Molly's equipment?
54.
(p. 689)
What is the most likely reason that the judge refused to allow the sheriff to seize Molly's
equipment?
55.
(p. 687)
Assuming no exemption applies, which of the following will most likely be the result of
the dispute between Harold and Peggy regarding the television set?
56.
(p. 693)
Which of the following is the correct term for the agreement entered into between
Debby's father and the bank?
57.
(p. 693)
Which of the following is the correct term for the agreement entered into between George
and the bank?
58.
(p. 695)
What is the effect, if any, of Debby's bankruptcy on the debt owed by her father?
59.
(p. 695)
What is the effect, if any, of Debby's bankruptcy on any debt owed by George?
60.
(p. 695)
What is the effect of George's bankruptcy, if any, on the debt owed by George?
61.
(p. 683)
How does a court go about determining whether a claimant holding a mechanic's lien or a
secured party has priority to a good?
62.
(p. 687)
Discuss why a creditor would want to attach property as well as whether attachment is
more often sought by secured or unsecured creditors and why.
63.
(p. 689)
What does the Federal Consumer Credit Protection Act state regarding the amount that
may be garnished from a pay check?
64.
(p. 692)
Mary owns a small business of washing cars. Due to severe dry weather, the price of
water increased, she had to increase her prices, and many customers stopped coming. Mary had
several creditors. She told them that she does not want to sell her property and that she would
like to stay in business, but that she is considering bankruptcy unless her debts can be reduced.
By what type of voluntary agreement would creditors receive only a percentage of the amount
owed to them, what are the principles involving such an agreement, and why would a creditor
consider such an agreement?
65.
(p. 695)
Discuss the rights of a surety and a guarantor including rights when multiple co-sureties
or guarantors owe the debtor's obligation to a creditor.
