Debtor Creditor Relationships/real property

Question 0

When a surety is release the remaining surety is only liable for

Answer 0

50% of the balance

Question 1

When a co surety is discharged in bankruptcy you have to

Answer 1

Redistribute the proportionate share

Question 2

A surety agreement must be

Answer 2

In writing

Question 3

Exoneration I’d the right to petition court to require the creditor to seek recovery against the

Answer 3

Debtor before holding the gusts for liable

Question 4

Tender of full performance releases a

Answer 4

Surety

Question 5

When a surety losses capacity it may be

Answer 5

Discharged from liability

Question 6

A creditor is required to disclose any known material facts to the

Answer 6

Surety. If this is not done the surety can use as a defense

Question 7

Indemnity contract agrees to reimburse debtor for

Answer 7

Debt or losses that arise

Question 8

Subrogation is when the surety pYs the creditor and has

Answer 8

The same rights against the debtor the creditor had

Question 9

When a tenant acquires his interest at a different time than others the tenant would be a

Answer 9

Tenant in common

Question 10

Joint tenancy requires unities of time title interest and

Answer 10

Possession

Question 11

For a deed to b valid you need the description of

Answer 11

Land

Question 12

In tenancy on common the owners have the right to pass their interest to

Answer 12

Heirs through their estate

Question 13

In a joint tenancy the interest pass to the remaining

Answer 13

Surviving joint tenants

Question 14

The general warranty gives the deeds the greatest

Answer 14

Protection

Question 15

Special warranty and bargain for sale is only for the time that the

Answer 15

Grantor owned the property (limited in its time)

Question 16

Quitclaim only transfers titles not

Answer 16

Warranties

Question 17

A fee sample estate gives the owner the right to sell will mortgage and

Answer 17

Lien the property