Q20)

Pre-judgment attachment permits a creditor to seize the debtor's property when the defendant:

a. has not paid his debts on time.

b. cannot be served with a summons personally.

c. was found guilty of usury.

d. has filed for bankruptcy

Q21)

An ordinary contract between the debtor and his creditors whereby the creditors receive pro rata a part of their claims and the debtor is discharged from the balance of the claims is:

a. an equity receivership.

b. an automatic stay.

c. a statutory assignment.

d. a nonstatutory composition.