ACC 480 CHAPTER 28 TB FLASH CARDS

ACC 480 CHAPTER 28 TB FLASH CARDS Jen has a claim against Kevin's property that must be satisfied before the property is available to satisfy the claims of other creditors. This is - answerA LIEN Pruit performs a contract with Quint to reshingle the roof on Quint's house, but Quint does not pay. Pruit notifies Quint that Pruit will foreclose on the house and sell it to satisfy the debt. This is - answerA MECHANIC'S LIEN Donald's debt to Everett is past due. Everett brings a legal action against Donald to collect the debt. To ensure that a judgment in Everett's favor will be collectible, Everett asks the court to order the seizure of Donald's property. This is a request for - answerA WRIT OF ATTACHMENT Delia refuses to pay Ewing $500 in cash on their contract to repair certain theater sets, which Ewing still possesses. Ewing's lien on the sets will terminate - answerif Ewing surrenders possession. Larry borrows money from Joan. To use a writ of execution as a remedy, Joan must first - answerbe unable to collect the amount of a judgment against Larry. Flip's debt to George is past due. George brings a legal action against Flip to collect the debt. George asks the court to order Home Bank, in which Flip has an account, to pay a portion of the funds to George. This is a request for - answeran order of garnishment. Ian's mortgage debt to Jeff is past due. Jeff brings a legal action against Ian to collect the debt. Jeff asks the court to order the sale of the mortgaged property and the payment of a portion of the proceeds to Jeff. This is a request for - answerA FORECLOSURE Liu and Midge—Nero's creditors—contract with Nero for the discharge of Nero's liquidated debts on payment of a lesser sum. This is - answerA COMPOSITION AGREEMENT