Solved

What Happens If a Debtor Is Successful in a Legal

Question 49

Multiple Choice

What happens if a debtor is successful in a legal action initiated by a creditor after a creditor attached property?


A) The creditor will be permitted to sell the debtor's property to satisfy the debt.
B) The debtor can recover actual damages only, even if the property was wrongfully attached.
C) The debtor can recover punitive damages only.
D) The debtor's property is returned, but no damages may be obtained by either party.
E) The debtor can recover damages from the creditor for losses suffered while deprived of property and, if the property was wrongfully attached, may recover punitive damages.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents