Ken loaned Barbara $8,000 and took back a note secured by Barbara's car. If Barbara files for bankruptcy when the value of the car is $4,500, what is Ken's status? He has a (n):
a. secured claim for $4,500.
b. unsecured claim for $8,000.
c. unsecured claim for $4,500.
d. secured claim for $8,000.
a
You might also like to view...
What is the purpose of role reversal?
What will be an ideal response?
Which of the following is NOT a mood you would express through a quicker speaking rate?
a. Excitement b. Eagerness c. Seriousness d. Urgency
The final section in most marketing plans is the
A. situation analysis. B. controls section. C. marketing strategy. D. executive summary. E. financial section.
______ that generates loyal long-term customers is likely to be extremely profitable in repeat sales as well as the money saved in trying to find new customers.
A. Team selling B. Relationship selling C. Missionary selling D. Creative selling E. Tactical selling