Question 1
Which of the following is
not able to file a lien against the property under the
Builders' Lien Act?
◦ contractors
◦ lenders
◦ suppliers
◦ workers
◦ subcontractors
Question 2
With regard to guarantees, which of the following is true?
◦ If the creditor and the debtor change the terms of the agreement without permission of the guarantor, the guarantor will not be bound by the new terms, but will still be bound by the original obligations.
◦ A guarantor has less defence against the creditor that the debtor could use.
◦ A guarantee involves the guarantor agreeing to be responsible for the debt if the debtor defaults.
◦ A verbal guarantee is as enforceable as a written one.
◦ A guarantee and an indemnity are very similar in that the debtor and the guarantor stand side-by-side, both obligated under the contract.
A true albino squirrel. Note the pink eyes.
TrUe....FaLsE
true story
True Forget-Me-Not
Adapoids and omomyoids had longer snouts and are the first “true” primates.
True Dover Sole