In an Assignment for the Benefit of Creditors, If Each

question 36

True/False

In an assignment for the benefit of creditors, if each creditor is paid a pro rata share of his original obligation, the debtor is then discharged from any further obligation to the creditor.

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Definitions:

MacPherson

A type of suspension system that features a single strut and coil spring to support the vehicle's weight and allow wheel movement.

Short/Long Arm

A suspension design where control arms of different lengths are used, affecting vehicle handling and stability.

Multilink

A type of suspension system in vehicles that features multiple links or arms for improved handling and comfort.

4WD

Four-wheel drive, a system that powers all four wheels of a vehicle simultaneously for better traction.