Laws Assisting Creditors: Protecting the Rights of Creditors
Interactive Video
•
Business, Social Studies
•
University
•
Hard
Wayground Content
FREE Resource
Read more
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of a creditor in a financial transaction?
To provide financial advice to debtors
To act as a mediator between two parties
To receive value under agreed terms from a debtor
To lend money without expecting repayment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which law primarily governs the conduct of debt collectors?
Consumer Credit Protection Act
Fair Debt Collection Practices Act
Truth in Lending Act
Credit Card Accountability Responsibility and Disclosure Act
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a secured transaction?
A transaction that does not require any legal documentation
A loan without any collateral
A transaction where the creditor can repossess property if the debtor defaults
A transaction that involves only cash payments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What legal action can a creditor take if a debtor fails to fulfill their obligations?
File for bankruptcy
Request a loan modification
Initiate litigation to enforce the contract or seek damages
Negotiate a new contract
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a creditor establish a lien on a debtor's property without a court judgment?
By filing a complaint with the police
By negotiating directly with the debtor
Through a statutory procedure for services provided
By obtaining a verbal agreement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of a lien on a debtor's property?
It has no impact on the property's title
It increases the property's market value
It makes the property easier to sell
It encumbers the property, making it difficult to sell
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an order of garnishment?
A court order to increase a debtor's salary
A legal process to deduct a portion of a debtor's wages to pay a creditor
A request to freeze a debtor's bank account
A voluntary agreement to pay off a debt
Similar Resources on Wayground
6 questions
Evergrande Resumes Trading After Posting $4.5B Loss
Interactive video
•
University
6 questions
Section 362 - Automatic Stay in Bankruptcy
Interactive video
•
University
6 questions
Noble Said to Move Toward Debt-for-Equity Restructuring
Interactive video
•
University
2 questions
Role of Trustee in Bankruptcy
Interactive video
•
University
6 questions
Primary Participants in Bankruptcy Process
Interactive video
•
University
6 questions
El-Erian Sees Debt Reduction in Puerto Rico's Future
Interactive video
•
University
2 questions
Fair Debt Collection Practices Act
Interactive video
•
University
2 questions
Bankruptcy Plan of Reorganization
Interactive video
•
University
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Business
11 questions
NFL Football logos
Quiz
•
KG - Professional Dev...
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)
Quiz
•
8th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
20 questions
La Hora
Quiz
•
9th Grade - University
7 questions
Cell Transport
Interactive video
•
11th Grade - University
7 questions
What Is Narrative Writing?
Interactive video
•
4th Grade - University