Fred agrees to buy a car from a dealership for $25,000. Unknown to the dealership, Fred intends to give the car to his daughter as a birthday present. Who has privity in this contract?
A) Fred and his daughter B) Fred and the dealership
C) Fred, his daughter, and the dealership D) the daughter and the dealership
B
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Income that will be assumed to be available regardless of whether it is actually available is called __________ income.
Fill in the blank(s) with the appropriate word(s).
Under the close supervision of an attorney, the paralegal uses the information gathered from the debtor not only to complete the forms and schedules but to help answer any ________ questions the debtor may have about the forms
A) Substantive B) Legal C) Procedural D) Ex-parte
A(n) ________ takes place when the debtor's original bankruptcy filing status is changed, either voluntarily or involuntarily, from one chapter to another
A) Epiphany B) Revelation C) Incarnation D) Conversion
Someone who is not a party to a contract, but is benefited by a performance in the contract is called a(n):
a. third-party beneficiary b. incidental beneficiary c. non-party claimant d. beneficiary