Question: Can someone please check if these question below is correct please? I'm unsure about the choices I made and it would be a great help
Can someone please check if these question below is correct please? I'm unsure about the choices I made and it would be a great help if someone could help me understand why the answer I chose is wrong or re-ensure me that my understanding of the concept if the question was right.
1. The following debts are NOT discharged (i.e. debt forgiven) after bankruptcy. (one answer)
a. Child support payments, Student loans, Alimony. b. Automobile loans c. Any unpaid money owed to lawyers (attorneys fees) d. Everything is forgiven except unpaid income tax and credit card payments, e. Most Henweigh payments. f. None of the above is true. All debts are forgiven (aka fresh start).
7. The three legally recognized types or categories of sexual harassment are: (one answer) a. Categorical, Responsive, and Retaliatory. b. Method, Means, & Opportunity. c. Actus Reus, Corpus Delicti, Means Rea. d. Quid Pro Quo, Hostile Work Environment, Retaliation e. None of the Above.
6. Which person(s) below has/have legitimate insurable interest(s)? (one answer)
a. A contractor building a house (on someone elses land) buys insurance on the house. b. Bank buys insurance on car that belongs to customer who is not paying car loan. c. Corporation buys a life insurance policy on the CEO. d. Any or all three of the above are probably valid insurable interests. e. None of the circumstances listed above (A, B, or C) have a valid insurable interest. f. Only A and C are valid insurable interests. g. C only (if there is a bailment)
2. ONE EXAMPLE EACH OF A POSSESSORY LIEN AND A NON-POSSESORY LIEN. Referring to security interest under UCC (Uniform Commercial Code).
possessory lien - an innkeeper grant a lien on property guests for cost of them sleeping at the inn, and making use of other amenities
non-possessory lien - mortgages and car loans
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