This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A lien creditor who has perfected his interest always takes priority over a secured party. Indicate ... (Read 97 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jun 24, 2018
A lien creditor who has perfected his interest always takes priority over a secured party.
  Indicate whether the statement is true or false

Question 2

Which of the following is correct concerning suretyship and guaranty?
 A) A surety is always liable from the moment the principal is in default.
 B) A guarantor is always liable from the moment the principal is in default.
 C) Both are undertakings by one person, for a consideration, to pay another person a sum of money in the event that the other person sustains a specified loss.
 D) Neither can be exonerated from liability.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


tfester

  • Member
  • Posts: 534
Reply 2 on: Jun 24, 2018
:D TYSM

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Adjusting a valve takes both hands—one to hold the wrench to loosen and tighten the lock nut and ... Adjusting a valve takes both hands—one to hold the wrench to loosen and tighten the lock nut and ...
Most PCV valves used on newer vehicles are secured with fasteners, which makes it more difficult ... Most PCV valves used on newer vehicles are secured with fasteners, which makes it more difficult ...
How to solve a linear algebraic bank interest problem with two unknowns How to solve a linear algebraic bank interest problem with two unknowns
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library