Author Question: The debtor has the right to rescind the reaffirmation agreement at any time prior to the entry of ... (Read 49 times)

a0266361136 · **on:** Aug 2, 2018

The debtor has the right to rescind the reaffirmation agreement at any time prior to the entry of her discharge or ________ after the reaffirmation agreement is filed with the court, whichever occurs later.

A) Within 180 days
B) Within 60 days
C) Within 120 days
D) Within 90 days

Question 2

Just before signing it over to Melanie pursuant to a written contract, Paul's car is repossessed. What happens to Paul's obligation under the contract?

A) It remains in force, because the repossession was Paul's fault for failing to make his payments.
B) It is discharged, because Melanie could have paid the arrears and prevented repossession.
C) It remains in force, because Paul can always go out and buy another comparable car.
D) It is discharged, because the subject matter of the contract is no longer available.