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Javed Which one of the following is false with regard to creditors' remedies? A guarantor is a person who agrees to be responsible for a
Javed Which one of the following is false with regard to creditors' remedies? A guarantor is a person who agrees to be responsible for a debt if the borrower (the person primarily liable) defaults A guarantor may avoid liability if the creditor does some act or enters into an agreement that weakens the guarantor's position A debenture can create a "floating charge" that will not attach to anything specifically until the debtor defaults or until the happening of another "crystallizing" event A person who wins in an action and is awarded damages is called a "judgment creditor." A garnisheeing order is an order to the sheriff to seize assets of a judgment creditor to satisfy a judgment debt Question 16 (1 point)
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