A debt based solely on the debtor's promise to pay is a(n)
A) secured debt.
B) unsecured debt.
C) lien.
D) garnishment.
Correct Answer:
Verified
Q11: A creditor's claim to specific property of
Q12: A court order directing a debtor to
Q13: A secured creditor may repossess the debtor's
Q14: A guaranty requires consideration to be enforceable.
Q15: An unsecured debt
A) must be oral.
B) must
Q17: A suretyship is terminated if the debtor
Q18: If a creditor sells repossessed property, any
Q19: An architect not paid for services may
Q20: A debtor's promise to pay must be
Q21: The major difference between guaranty and suretyship
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents