Multiple Choice
Which statement best describes a restriction on collection agencies when attempting to collect a debt?
A) They cannot contact the borrower directly.
B) They cannot collect a debt when the debtor is deceased.
C) They are prohibited from contacting anyone other than the borrower.
D) They must make all inquiries in writing.
Correct Answer:
Verified
Correct Answer:
Verified
Q52: Which of the following would typically be
Q53: Because of the uncertain future value of
Q54: If the security agreement is silent on
Q55: How does the PPSA resolve conflicts when
Q56: A financing statement is required to be
Q58: Marina borrowed $5000 of the $25 000
Q59: Briefly explain what a letter of credit
Q60: Which of the following companies would risk
Q61: What is the maximum rate of annual
Q62: A purchase money security interest (PMSI)is a