Jane takes her $15,000 car to Ace Auto Repairs to have a new transmission put in. When the repair was completed Ace gave Jane a bill for $2,000. Jane said she will pay $500 now and the rest when she gets a job
As a result, which of the following statements is TRUE?
A) Jane has the right to have the car returned to her right now
B) Ace has the right to keep her car until Ace is paid, but it cannot sell Jane's car
C) Ace has the right to sell Jane's car and keep all the money from the sale of the car
D) Ace has the right to sell Jane's car but can only keep the money that it is owed
E) Jane will be liable for $2,000 plus punitive damages
D
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Define the terms Relevant Cost and Sunk Cost
What will be an ideal response
When a mortgage loan has been paid in full, it is important for the borrower to be sure that
A) the paid note is placed in a safe deposit box. B) he or she obtains a deed of partial reconveyance. C) the paid mortgage is returned to the lender. D) a satisfaction of mortgage is recorded.