QUESTION 39

1. Curtis James Jackson III files for Chapter 7 bankruptcy. After all his assets have been sold and the proceeds distributed among his creditors, Curtis' remaining debts

   	a.	paid by the court.
   	b.	must be paid by Curtis .
   	c.	are put on hold until Curtis has sufficient means to pay them.
   	d.	are discharged .

2 points

QUESTION 40

1. Macy's contracts to sell its assets to Bloomingdales. Before either party has performed, rescission of this contract requires

   	a.	a novation.
   	b.	a settlement agreement.
   	c.	a mutual agreement to rescind.
   	d.	an accord and satisfaction.

2 points

QUESTION 41

1. Jan-Pro and KB Homes enter into an oral contract where Jan-Pro agrees to provide cleaning services to KB Homes for two years. This contract is enforceable by

   	a.	Jan-Pro.
   	b.	KB Homes.
   	c.	any third party, such as a Cleaning supplies provider.
   	d.	none of the choices.