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:

Interpreting Behavior

The process of understanding and explaining why individuals or groups act in certain ways.

Demeaning Messages

Communications that degrade, insult, or belittle others, often impacting the recipient's self-esteem or position.

Barriers

Obstacles or factors that hinder progress or achievement.

Accumulated Perceptions

The total or aggregate views and understandings formed by an individual or group, built up over time.