PURDUE MGMT 455 PACKAGE DEAL

A creditor may initiate a proceeding called a "pro supp" in an effort to obtain information from the judgment defendant as to income and property subject to execution. - ️️true A person who qualifies to receive compensation from the Violent Crime Compensation Fund may recover expenses incur...

A debtor in a chapter 7 proceeding may claim as exempt the equity in the family residence not to exceed $15,000. - ️️False ($19300) A person may exempt $10,250 on tangible personal property. - ️️True A debtor in a chapter 7 proceeding is entitled to claim as exempt the value of intangi...

Vignettes - ️️Eviction Access Conversion Mitigation Inspections Repairs Security Deposits Eviction - ️️Landlord must file a lawsuit, can't just kick you out. A summons must be served on you Affidavit for Writ of Eviction - ️️When you don't leave by the time the court has de...

A written contract is defined as a document upon which has been printed all of the terms and conditions of the parties' agreement. - ️️F A quasi contract may be imposed by the Court upon the parties to a contract in order to prevent one party from being unjustly enriched to the dteriment of ...

The debtor in a Chapter 7 bankruptcy proceeding may petition to only a discharge medical debts - ️️False (Chapter 7 you keep everything and pay nothing) A chapter 7 bankruptcy debtor may transfer his bass boat to his brother bob within one year of filing bankruptcy and not have to be concerne...

Definition of a Contract - ️️Total legal OBLIGATION which results from the parties' agreement. Requirements for a Valid Contract - ️️1)Agreement between Parties, 2)Agreement supported by Consideration, 3) Legal Capacity of the Parties, 4)Legal Purpose, 5) Agreement in the Proper form. ...

A creditor may initiate a proceeding called a "pro supp" in an effort to obtain information from the judgment defendant as to income and property subject to execution. - ️️true A person who qualifies to receive compensation from the Violent Crime Compensation Fund may recover expenses incur...

Small Claims Court's juridictional limit is $4,000.00. - ️️False In order to serve on a jury in Indiana, one of the qualifications is for the person to be a resident of the County where they intend to serve. - ️️True A Summons is an Order for a person to appear in Court to testify as ...

A person, who has been arrested, has a Constitutional right to make a voluntary statement that will be used against that person regardless of whether or not they have been advised of their Miranda Rights. - ️️True The injury suffered by a person from an intentional tort must be such that the ...

The Statute of Frauds is a rule of law that prevents one party from testifying and attempting to change the terms of a written contract. - ️️False An enforceable contract for the sale of an interest in real estate does not have to be in writing unless the real estate value is greater than $50...