Author Question: Candy bought a sofa from Max on credit. She is to make 5 monthly payments of 200 each. After one ... (Read 70 times)

jilianpiloj · **on:** Jun 24, 2018

Candy bought a sofa from Max on credit. She is to make 5 monthly payments of 200 each. After one month Candy stops making payments. Max is a secured creditor; he may:
a. may enter Candy's home at any time to take the sofa b. take steps to repossess the sofa from Candy
c. require Candy to perform manual labor in exchange for the cash payments
d. force Candy to turn over the sofa plus other property to make up for Max's time and efforts spent on collection
e. do none of these things, Max is not an unsecured creditor

Question 2

In Leegin Creative Leather Products v. PSKS, the Supreme Court held that minimum vertical price fixing controls (resale price maintenance) would be viewed with a rule of reason.
a. True
b. False
Indicate whether the statement is true or false