Which One of the Following Is False with Regard to Creditors

question 103

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.

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Definitions:

Good Character

The set of moral and ethical qualities distinguished by honesty, integrity, and respect that define an individual's actions and decisions.

Unethical Behavior

Actions or practices that violate moral or professional standards, often causing harm to others.

Top Levels

Refers to the highest stages or positions in an organization, field, or system.

Different Generations

The categorization of people into cohorts based on the era in which they were born, reflecting differing cultural influences and life experiences.