Match Each Statement with the Correct Term Below

question 133

Multiple Choice

Match each statement with the correct term below.
-garnishment

• A)The right in personal property that secures payment or performance of an obligation.
• B)Goods that are so related to real property that they are considered part of the real estate.
• C)A document filed to provide notice of a security interest.
• D)Property subject to a security interest.
• E)Tangible or electronic record that evidences both a debt and a security interest in specific goods.
• F)Seizure of property to bring it under the custody of the court; creation of security interest enforceable against a debtor.
• G)Delivery of personal property to a creditor as security for payment of a debt.
• H)An agreement between the debtor and creditor creating a security interest.
• I)Goods bought or used primarily for personal, family, or household purposes.
• J)Creditor's remedy involving a statutory proceeding directed at a third person who owes a debt to or has property of a debtor.
• K)A surety liable to a creditor immediately upon the default of a principal debtor.
• L)Relative or general partner of debtor, partnership in which debtor is a partner, or corporation in which debtor is an officer, director, or controlling person.
• M)The right of a surety to be relieved of his obligation to the creditor by having the principal debtor perform the obligation.
• N)A surety's assumption of the creditor's rights.
• O)A person who promises to answer for the payment of a debt or the performance of a duty owed to the creditor by the principal debtor upon the principal debtor's failure to perform.
• P)Security interest in goods purchased; interest retained either by the seller of the goods or by a lender who advances the purchase price.
• Q)Agreement by which one party obtains a security interest in the personal property of another to secure the payment of a debt.
• R)The person responsible for collecting, liquidating, and distributing the debtor's estate.
• S)A right to payment.
• T)Enforceability of a security interest against third parties.
• U)A claim with a lien on property of a debtor; a claim tied to specific property of the debtor.
• V)Transfer made by the debtor to favored creditors before the date of bankruptcy and invalidated by the Bankruptcy Code.
• W)An agreement between the debtor and two or more of her creditors that each will take a portion of his claim as full payment.
• X)Prevents attempts by creditors to recover claims against the debtor.
• Y)A voluntary transfer by the debtor of some or all of his property to a trustee, who applies the property to the payment of all of the debtor's debts.

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Definitions:

Sample Size

The number of observations or individuals in a subset of a population selected for a particular study.

Measurement Errors

Discrepancies between the observed values and the true values, which can arise from various sources in data collection.

Reliable

Reliable refers to the consistency of a measure or process over time. In research, it means that the results of a study or the performance of an instrument are consistent and can be replicated under similar conditions.

Test-Retest

A method of measuring the reliability of a test by administering the same test to the same subjects at two points in time and comparing the results.