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Julie Owes Ryan $10,000

Question 53

Multiple Choice

Julie owes Ryan $10,000. When the debt comes due, Julie refuses to pay. Ryan obtains a judgment to collect the debt. Using a writ of execution, the court orders the sheriff to seize Julie's boat and sell it to pay the debt. The boat sells for $15,000. Ryan will receive​


A) ​$15,000.
B) ​$10,000.
C) ​$7,500.
D) ​$15,000 minus the collection costs.

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