Bob owes $5,000 to Consumer Lender Corporation (CLC). As a prejudg?ment remedy to collect the debt, CLC could use
A) attachment.
B) contribution.
C) execution.
D) redemption.

Question

Quizplus · Accepted Answer

Attachment is a prejudgment remedy that allows a creditor to seize a debtor's property to secure payment of the debt. In this case, CLC could use attachment to seize Bob's property to satisfy the $5,000 debt. Contribution is not a relevant option as it pertains to the sharing of liability among multiple defendants. Execution is a post-judgment remedy used to enforce a court order, and redemption refers to a debtor's right to reclaim property that was sold to satisfy a debt.

Bob Owes $5,000 to Consumer Lender Corporation (CLC)