What is the effect,if any,of Debby's bankruptcy on any debt owed by George?
A) George is not released and will be liable for the loan amounts.
B) George is released in the same manner that Debby is released.
C) George is released only if the bank failed to take sufficient steps to sue Debby and require payment of the loan before she filed for bankruptcy.
D) George is released only if the bank failed to notify him of the bankruptcy in sufficient time to allow him to make a proper claim against Debby in bankruptcy court.
E) George is released only if Debby failed to give him sufficient notice of her plans to file bankruptcy.
Correct Answer:
Verified
Q50: Which of the following is the lien
Q51: Which of the following is the correct
Q52: Which of the following is the most
Q53: What type of order allowed Peggy to
Q55: Which of the following is a claim
Q57: Which of the following is true if
Q58: Which of the following is the type
Q59: Assuming the court follows the reasoning of
Q72: Which of the following may occur when
Q78: A _ is a contract between a
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