Who is the party to whom a debt is owed to? correct answers Creditor
Who is the party that owes a debt? correct answers Debtor
Who owns a security interest? correct answers Secured Creditors
What gives a secured creditor claims in specified property of the debtor? correct answers Security ...
MGMT 209 - Chapter 13 || A+ Graded Already.
Who is the party to whom a debt is owed to? correct answers Creditor
Who is the party that owes a debt? correct answers Debtor
Who owns a security interest? correct answers Secured Creditors
What gives a secured creditor claims in specified property of the debtor? correct answers
Security Interest
Real estate and PMSI are two types of what? correct answers Secured Creditors
What is a normally written agreement that gives the creditor the right to seize the collateral?
correct answers Security Agreement
What is property that is specified in a security agreement to secure a debt? correct answers
Collateral
What gives the holder priority over other secured creditors over the secured property? correct
answers PMSI
What is the property that the debtor buys after an initial transaction? correct answers After-
Acquired Property
What does it mean when the secured party's security interest will be paid before the other secured
parties' interests and those of the unsecured creditor? correct answers Priority
What gives you the right to hold the debtor's property in certain situations to satisfy the debt,
giving you some priority over the other creditors of the debtor? correct answers Lien
Who is someone that provides services or labor to the debtor on the debtor's personal property?
correct answers Artison
A dry cleaning store and shoe repair store are examples of what? correct answers Artisan's Lien
What is the name of a purchaser paying full value when they didn't know of the possible lien?
correct answers Bona Fide Purchaser
What kind of lien is available to garages or mechanics? correct answers Worker's Lien
Farmers and building owners on tenants' property are two types of what? correct answers
Landlord's Lien
What type of landlord lien applies to crops for the growing season? correct answers Farmers
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