Choose the Word or Phrase in [ ] Which Will

question 155

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Most creditors [will | will not] be willing to work something out with you if you are having difficulty meeting your payments.

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Definitions:

General Security Agreement

A legal document used by lenders that secures a loan with the borrower's assets as collateral.

Garnishee

Person owing money to a judgment debtor.

Breach of Contract

Occurs when one party in a binding agreement fails to deliver according to the terms of the contract.

Act of Bankruptcy

A specific action or failure to act that renders an individual or entity legally insolvent, triggering potential bankruptcy proceedings.