B) False
Correct Answer
verified
Correct Answer
verified
A) The names and addresses of all parties involved only.
B) Two items: (1) the names and addresses of all the parties involved and (2) a description of the collateral.
C) Three items: (1) the names and addresses of all the parties involved, (2) a description of the collateral, and (3) the signature of the debtor.
D) Three items: (1) the name of the financing bank, (2) the name of the debtor, and (3) a description of the collateral only.
E) Three items: (1) the name of the financing bank, (2) the signature of the debtor, and (3) a description of the collateral.
G) B) and D)
Correct Answer
verified
Correct Answer
verified
B) False
Correct Answer
verified
Correct Answer
verified
A) The court ruled that the defendant had no right to engage in self help in regard to repossession, regardless of whether or not it had a judgment.
B) The court ruled that because it had no judgment against the debtor, the defendant had no right to engage in self help in regard to repossession.
C) The court ruled that because it did not physically harm any residents of the home, the defendant rightfully exercised its self help rights in regard to repossession.
D) The court ruled that a creditor may engage in self help repossession where the creditor can do so without a breach of the peace and also that a debtor's protest at repossession terminates the creditor's self help rights.
E) The court ruled that a creditor may engage in self help repossession where the creditor can do so without a breach of the peace and that a creditor retains those rights regardless of whether or not a debtor protests.
G) C) and D)
Correct Answer
verified
Correct Answer
verified
B) False
Correct Answer
verified
Correct Answer
verified
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