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need help for some questions BLAW 3310-QUIZ (3-29-17) NA E: 1. Anna enters into a promissory to borrow $10,000 from John and pay him back

need help for some questions

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BLAW 3310-QUIZ (3-29-17) NA E: 1. Anna enters into a promissory to borrow $10,000 from John and pay him back with ten consecutive $1,000 monthly payments without interest. Anna is the under the note and John is , a. holder ..... maker b. maker... holder c. drawer..,.maker d. maker....drawee 2. Buyer owes the purchase price to seller for the price for goods purchased on credit. This debt can be terminated entirely by operation of law in the event of a. a discharge in bankruptcy which was led filed by seller of the goods b. a discharge in bankruptcy whiach was filed by buyer of the goods c. bankrupt fails to comply with income and means test d judge determins price of the goods was too high when sold 3, A is a contractor who remodels the kitchen of B under their contract at an apartment complex owned by C (B pays rent to C under their lease) A files a mechanic's lien against it he is never paid the $10,000 for the value of his work. . . B . C . B's lumiture and other assets in the apartment . C's land where the apartment complex is located, 4, The public policy that is behind the bankruptcy laws is to give the debtor- a complete discharge of all their debts b. a perfection of all security interests held by their creditors c. a fresh start a. a floating lien. 5. All bankruptcy petitions filed by Texas residents/companies must be filed in a Texas state bankruptcy court b. US Bankruptcy Court c. Texas Criminal District Court d. A and C

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