Candy Bought a Sofa from Max on Credit

question 243

Multiple Choice

Candy bought a sofa from Max on credit. She is to make 5 monthly payments of $200 each. After one month Candy stops making payments. Max is a secured creditor; he may:

• A) may enter Candy's home at any time to take the sofa
• B) take steps to repossess the sofa from Candy
• C) require Candy to perform manual labor in exchange for the cash payments
• D) force Candy to turn over the sofa plus other property to make up for Max's time and efforts spent on collection
• E) do none of these things, Max is not an unsecured creditor

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Definitions:

Trustworthiness

The quality of being reliable, honest, and dependable, often considered a key trait in establishing and maintaining interpersonal relationships.

Sensitivity

The quality or condition of being sensitive; the ability to perceive or feel emotions and sensations or respond to external stimuli.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Preschool Age

The period in a child's life before they are old enough to attend kindergarten, typically between ages 3 and 5.