Explain what it means to redeem collateral.

What will be an ideal response?


To redeem collateral is to satisfy the secured claim by paying to the creditor in a lump sum an amount equal to the value of the collateral.

Legal Studies & Paralegal

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Criminal law protects __________ rights.

Fill in the blank(s) with the appropriate word(s).

Legal Studies & Paralegal

Recovering inner city land, renovating older historic homes, or building communities are part and parcel of:

A. Taking B. Eminent domain C. Real estate development D. Public use

Legal Studies & Paralegal

Sue and John have been married for ten years. Within those years they have had their mountains and their valleys. Sue even forgave John when he had a dalliance with their son's school bus driver. But now John is seriously interested in someone new, and she does mean a lot to him, enough that he wants to end his marriage. Sue isn't quite ready to call it quits. John has strayed before, so Sue

suggests a legal separation. She has had her work hours cut recently, due to illness, and she doesn't see how she can support herself and her son without John's help. How would Sue benefit from a legal separation? What will be an ideal response?

Legal Studies & Paralegal

When addressing the issue of what the term publication means when used in a specific statute, the court is:

A. establishing law through interpreting existing law. B. exercising a function not delegated to a court. C. establishing common law through creating new law. D. creating substantive sections. E. all of the above. F. a and c.

Legal Studies & Paralegal