Debt relief agencies must comply with certain disclosure requirements.
Answer the following statement true (T) or false (F)
True
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Andy is convicted of committing a misdemeanor. He is punished by incarceration for six months. He will serve his time in:
a. A federal prison b. A local jail c. A state prison d. A federal work facility
The goal of using secondary sources is to ________ you on a particular topic of law, and to direct you to the law
Fill in the blank(s) with correct word
Government regulations and administrative laws are:
a. Two different types of law. b. Two names for the same type of law. c. Very difficult to locate on the federal level. d. None of the above.
A borrows $50,000.00 from Bank and pledges real property as security. After the loan, A sells the property to B, who buys subject to the mortgage. B then defaults on the mortgage loan. Under the following example, which of the following statements is/are true?
A. Bank may foreclose on property. B. Bank can sue A to recover debt. C. Bank cannot sue B to recover debt. D. A cannot sue B for reimbursement if A pays Bank. E. All of the above F. None of the above