Course FNSACC312 Administer subsidiary accounts and ledgers

Legal Action Policy.

Can you please explain the difference between these two questions _ I feel that they are the same as they both talk about a secured debt in one form or another.

1.If the outstanding debt is between $ __________________, and $ ________________, send to legal action if the debt is secured by a personal guarantee, a joint-check agreement, or any other security.

2.If the outstanding debt is between $ _________________, and $ ________________, send to legal action if the debt is secured.