Multiple Choice
Consumer Credit,Inc.(CCI) ,lends $1,000 to Joe.Kay acts as Joe's surety.If Kay pays the loan,she gets
A) any right that CCI had against Joe,but not a right to be reimbursed by Joe.
B) a right to be reimbursed by Joe,but not any right that CCI had against Joe.
C) any right that CCI had against Joe and a right to be reimbursed by Joe.
D) none of the choices.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: A guarantor is secondarily liable on an
Q47: A court awards a judgment to Alice,who
Q48: Thirty-one days before filing a petition in
Q49: Creditors can agree with a debtor to
Q53: A fixed-rate mortgage has a rate of
Q54: Gerald files a bankruptcy petition.The resulting automatic
Q55: Norma Jean files for Chapter 7 bankruptcy.She
Q56: Lionel files a voluntary petition for bankruptcy
Q70: Before filing for bankruptcy, a consumer-debtor must
Q72: An order for relief in a bankruptcy