On a motion to value collateral, if the court determines that the value of the collateral is lower than the balance of a loan on a vehicle, for instance, that loan balance will be reduced to zero

Indicate whether the statement is true or false


FALSE

Legal Studies & Paralegal

You might also like to view...

An offer can specify how long it will remain in effect

Indicate whether the statement is true or false

Legal Studies & Paralegal

Creditor Y filed a claim against the estate and the personal representative denied the claim because the alleged debt was over twenty years old. On what basis was Creditor Y's claim most likely disallowed?

a. Estate insolvency b. Presentation of the claim after the expiration date c. The claim is incorrect or invalid d. Statute of limitations

Legal Studies & Paralegal

The model penal code recognizeswhichof the following in regard to obstructing governmentaloperations?

A. Actions,embellishments,significance B. Accessories, embellishments, significance C. Accessories, persons, principals D. Events, persons,principals

Legal Studies & Paralegal

Although property division and nonsupport orders for the benefit of a spouse are not dischargeable in Chapter 7, they are in

A) Chapter 12 B) Chapter 9 C) Chapter 11 D) Chapter 13

Legal Studies & Paralegal