Question: Execution is a postjudgment court order that permits the seizure of the debtor's property that is in the possession of the debtor.

Execution is a postjudgment court order that permits the seizure of the debtor's property that is in the possession of the debtor.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

On July 1, 2013, Amplex Company purchased a coal mine for $2 million. The estimated capacity of the mine was 800,000 tons. During 2013, Amplex mines 10,000 tons of coal per month and sells 9,000 tons...

Q:

2. Security posted by promissory note maker to the lender for repayment of money is known as 3. The transfer of rights under a nonnegotiable contract is known as a/an is considered stale, and the 4....

Q:

If you get a court order that permits the seizure of the debtor's property in the possession of third parties, it is called: Execution. Attachment. Garnishment. Foreclosure.

Q:

On a debtor's default the secured party can take peaceful possession of the collateral without first going to court under UCC 9-609(b). Yet the UCC does not define what is peaceful. Consider the case...

Q:

Your friends Ron & Ellen Davis(RED) approach you about buying their solid oak dining room table, 8 chairs, matching hutch and serving table from them as Ron lost his job and they are in dire need of...

Q:

When a debtor defaults, the secured party may take possession of the collateral: Choose two. in any manner possible. through a court order. only if the debtor willingly gives over the property. via...

Q:

1.What type of claims might be barred in Paragraph 38 of the JOD? 2.What do you think is the purpose of Paragraph 42? 3.What is the purpose of the "constructive trust" in Paragraph 43? 4.Why would an...

Q:

OBLIGATIONS AND CONTRACTS (Arts. 1169-1178, Civil Code of the Philippines) Questions: 1. B and C entered into a contract wherein B would deliver to C 10 cases of softdrinks on March 30, 2022. B...

Q:

ferent normative positions of Justice Ginsburg and Justice Kennedy in this case, and explain which if any you think the correct approach is. III. DEFENDANT'S PROPERTY IN THE FORUM STATE After...

Q:

IN REGARDS TO THE TWO CASES PROVIDED BELOW, For this assignment, please draft on the following topic: UNAUTHORIZED PRACTICE OF LAW ( UPL) and the practical applications of UPL in the real world The...

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

A liquid-phase chemical reaction A ? B takes place in a well-stirred tank. The concentration of A in the feed is C A0 (mol/m 3 ), and that in the tank and outlet stream is C A (mol/m 3 ). Neither...

Q:

approach. (10p) 3. Assuming that the debt amount is $3 million, the preferred stock amount is $2 million and the equity amount is $5 million. The expected dividend payment of the company's common...

Q:

Tyson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Tyson expects to incur $480,000 of overhead cost during the next fiscal year. Other budget information...

Q:

130 260 210 Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable Accounts receivable 555 Accruals...