The person to whom an obligation is owed is the obligor.
Answer the following statement true (T) or false (F)
False
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How does the regulation of attorneys protect the public??
A. ?By ensuring that an attorney is competent to practice B. ?By creating state bar associations C. ?By imposing specific ethical requirements D. ?By ensuring that an attorney is competent to practice and by imposing specific ethical requirementsÂ
The defense should rely on the court to include a defense jury instruction sua sponte.
Answer the following statement true (T) or false (F)
Assume that a state and the federal government hold concurrent jurisdiction over an issue and furthermore, both have enacted statutes to regulate the subject. However, the state statute is contrary to the federal law. The state law is:
A) valid. B) invalid as preempted by the federal law under the Supremacy Clause. C) invalid as preempted by the Necessary and Proper Clause. D) invalid as violating the dormant Commerce Clause.
Which of the following is not true about foreclosures?
A. Acceleration clauses violate public policy B. Mortgagors have a right of redemption to recover the property after default C. If the proceeds of the sale of the property in a judicial sale are not sufficient to pay the mortgage debt, the mortgagee may seek to obtain a deficiency judgment against the mortgagor D. The fact that a mortgagor is in default does not always mean the mortgage will be foreclosed