Which one of the following is False with regard to creditors' remedies?
A) A garnisheeing order is an order to the sheriff or civil enforcement agent to seize assets of a judgment creditor to satisfy a judgment debt.
B) A person who wins in an action and is awarded damages is called a judgment creditor.
C) A guarantor is a person who agrees to be responsible for a debt if the borrower (the person primarily liable) defaults.
D) A General Security Agreement debenture can create a security interest in "all present and after acquired property."
E) A guarantor may avoid liability if the creditor does some act or enters into an agreement that weakens the guarantor's position.

Question

Quizplus · Accepted Answer

A garnisheeing order is an order directed to a third party who has control over the debtor's assets (e.g. an employer or a bank) to seize or divert a portion of the debtor's property to satisfy a judgment debt. It is not an order to the sheriff or civil enforcement agent to seize directly from the judgment creditor's assets.

Which One of the Following Is False with Regard to Creditors