Question: Creditors' Rights. Sonya borrows $ 2 0 , 0 0 0 from Ace Loan Co . to remodel the bakery and gives it to Jones

Creditors' Rights. Sonya borrows $

20, 000

from Ace Loan Co

.

to remodel the bakery and gives it to Jones Construction, a contractor, to do the work. The amount covers only half of the cost, but when Jones finishes the work, Sonja fails to pay the rest. Sonja also does not repay Ace for the loan. What can Jones do to collect what it is owed? What can Ace do

?

Creditors' Rights. Sonya borrows $20,000 from Ace Loan Co. to remodel

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