Able, Baker, and Carr are cosureties for Debtor. Debtor owes $420,000 to Factor, Inc. The amounts Able, Baker, and Carr have agreed to act as cosureties for are as follows:
Able $120,000
Baker $300,000
Carr $60,000
Debtor defaults on his payments when Factor is still owed $300,000. Factor seeks to recover the amount due from the sureties. Who owes how much?
Able Baker Carr
a. -0- $300.000 -0-
b. $100,000 $100,000 $100,000
c. $60,000 $240,000 $ 60,000
d. $75,000 $187,500 $ 37,500
A. Row A
B. Row B
C. Row C
D. Row D
D. Row D
Business
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All of the liens listed below are voluntary EXCEPT a/an:
a. Mortgage b. Attachment c. Seller carryback d. Deed of trust
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Indicate whether the statement is true or false
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