Motor Vehicles Can Never Be Abandoned Property

question 90

True/False

Motor vehicles can never be abandoned property.

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Definitions:

Surety

A party that takes responsibility for another's performance of an undertaking, such as fulfilling the terms of a contract.

Creditor's Rights

Legal rights granted to creditors to collect debts owed to them, including the right to sue for non-payment or to reclaim property sold on credit.

Principal Debtor

The principal debtor is the original borrower responsible for repaying a debt or obligation in a financing agreement.

Contract

A contract that is enforceable by law, made between two or more entities, detailing their responsibilities and entitlements.