Assuming No Exemption Applies,which of the Following Will Most Likely

question 36

Multiple Choice

Assuming no exemption applies,which of the following will most likely be the result of the dispute between Harold and Peggy regarding the television set?

• A) Harold will win the dispute because he has rights to a super-priority lien, and he will be able to recover amounts to which he is due from the sale of the television before Peggy is entitled to any funds.
• B) Peggy will win the dispute because a judicial lien is always enforced before any other type of lien, and she will be able to sell the television for amounts owed to her by Molly without sharing any of the funds with Harold.
• C) Harold and Peggy will be required to sell the television and split the proceeds 50-50.
• D) Harold and Peggy will be required to sell the television and split the proceeds based upon their percentage of debt.
• E) Harold and Peggy will be required to sell the television with Harold, the holder of an artisan's lien, receiving only 25%, and Peggy receiving the rest.

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Definitions:

Montana

A state located in the Northwestern United States, known for its varied terrain ranging from the Rocky Mountains to the Great Plains.

Voluntary Statewide Certification

A non-mandatory credentialing process within a state that recognizes an individual’s qualifications in a certain profession.

Paralegals

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Arizona

A U.S. state known for its desert climate, the Grand Canyon, and rich Native American history.