1. Portia owes Bon $500 on their contract, but refuses to pay. To collect, Bon files amechanic's lien, unde which security for the debt is represented by Portia's personal property b. a. Portia's real estate. the $500 owed under the contract. c. d. the contract. 2. Michael contracts with Jill to fix the brakes on her Honda Civic. Jill leaves her car with Michael, but to pay when the work is done. Michael refuses to return the car until she pays. Michael's lien on Jill' end in thirty days. a. in sixty days. b. when Michael voluntarily surrenders possession of the car. when Jill obtains a court order requiring Michael to return the car. c. d. 3. Ronald's debt to Greg is past due. Ronald obtains a judgment against Greg to collect the debt, but not pay. Ronald requests a writ of execution. The property that is seized under the writ of execut in Ronald's possession. in Greg's possession. in the possession of Greg's employer or other third party. d. located within the court's geographic jurisdiction. a. b. c. borrow money and buy a truck fr higher rate of interest withoutt 4. Dina asks Edie to co-sign a credit application so that she can Motors. If, after the loan agreement is signed, Dina agrees to a then Edie is discharged from the agreement. liable at the higher rate of interest. liable at the lower rate of interest. a. b. c. liable for the principal only d. 5. Maggie is a surety for Juli's debt to Bill. Bill and Juli decide to make material changes to th without consulting Maggie. Maggie is still bound by the contract. 1 b. discharged completely c. still bound by the contract, but allowed to make additional changes to the contract. d. still bound by the contract unless she contests it within 30 days of the changes. a. C 6. Consumer Credit, Inc. (CCI), lends $1,000 to Joe. Kay acts as Joe's surety. If Kay pays t any right that CCI had against Joe, but not a right to be reimbursed by Joe. b. a. right to be reimbursed by Joe, but not any right that CCI had against Joe. any right that CCI had against Joe and a right to be reimbursed by Joe. d. a C. none of the choices