A guarantee: is enforceable none of the above must be in writing need not be in writing ABC Ltd. is insolvent. It has $500,000.00 in assets to be distributed to the security holders. What is the order of payment of its security holders: preferred shareholders, then general creditors, then secured creditors common shareholder, then secured creditors, preferred shareholders, then general creditors, then any surplus to the corporation None of the above Adams, a creditor of Brown, threatened to sue Brown for an overdue debt. Brown's friend Cox then promised to pay Brown's debt to Adams if Adams would refrain from suing Brown, and Adams agreed. if Cox failed to pay Adams as agreed, and Adams sued him for breach of contract, she would: seek restitution succeed fail be guilty of breach If a default occurs in a mortgage, the mortgagee: can sue for specific performance can sue for damages can sue for possession only can sue for possession and exercise a Power of Sale The priority of each interest in land is determined based: on the order of registration with later registrations taking priority over previous registrations on whether a deed is signed on the order of registration with earlier registrations taking priority over subsequent registrations on the Statute of Frauds