1. Describe each of the following and particularly note the differences between them:

Surety

Guaranty

2. What is the Right of Redemption in a real estate foreclosure?

3. What is a Mechanics or Materialmans Lien?

4. Describe briefly what is meant by attachment and identify the 3 elements of attachment:

1)

2)

3)

5. What is the difference between a Security Agreement and a Security Interest?