Solved

Which One of the Following Is False with Regard to Creditors

Question 41

Multiple Choice

Which one of the following is false with regard to creditors' remedies?


A) A garnisheeing order is an order to the sheriff or civil enforcement agent to seize assets of a judgment creditor to satisfy a judgment debt.
B) A person who wins in an action and is awarded damages is called a judgment creditor.
C) A guarantor is a person who agrees to be responsible for a debt if the borrower (the person primarily liable) defaults.
D) A General Security Agreement debenture can create a security interest in "all present and after acquired property."
E) A guarantor may avoid liability if the creditor does some act or enters into an agreement that weakens the guarantor's position.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions