Generally, a secured creditor who has repossessed collateral may ...

[Zoey63294]

Generally, a secured creditor who has repossessed collateral may retain the collateral and cancel the debt.
  Indicate whether the statement is true or false

Question 2

Randy's Brake Service has been located on the same corner in Mesa, Arizona for 48 years. When Randy's father opened the business, the area had no zoning. When zoning laws were passed in 1969, the area in which Randy's was located was zoned for retail sales but not for industrial. Car repair services are considered industrial uses under the master zoning plan. What are Randy's rights?
 A)Randy will not be able to continue to run a car repair business
 B)Randy's business is grandfathered in as a nonconforming use
 C)Randy can challenge the zoning as an unconstitutional taking
 D)The city's master zoning plan must allow for all existing uses

[k2629]

Answer to Question 1

TRUE

Answer to Question 2

B

[Zoey63294]

Wow, this really help

[amit]

Thanks for the timely response, appreciate it