A United States Bankruptcy Judge is appointed by the president, and if confirmed by the senate, serves a lifetime term on the bench. T F Before a debtor can file for Bankruptcy, they must be insolv


26. A nate, serves a lifetime term on the bench ist exced the valcan file for Banknuptcy, they must be insolvent, i.e, their liabilities the value of their assets exemption available to a debtor in Washington is a. $20,000 b. $40,000. e. $125,000 d. unlimited ainst the debtor uant to this section of the Bankruptcy Act, all collection efforts ag cease and desist upon the filing of the petition 29. a the cease and desist provision, b. the automatic stay provision; c. the good faith provision; d. the avoidance provision Angry over ridiculous questions on the final examination, Sombounvong strikes Finley over the head with a club. If Finley sues, discharged the judgment he obtains could be 31. The following types of debts are not dischargeable in Bankruptcy: a. taxes owed to the IRS for the previous three years b. court ordered fines c. alimony and child support; d. all of the above 32. The most common type of agency relationship is: a. husband and wife b. attorney and client c. employer and employee d. none of the above. 33. Employers are generally not liable for crimes committed by their employees Walters owns a parcel of real estate unencumbered by any liens C free and clear). She can be said to own the real estate: a. conditionally b. subject to a life estate c. in fee simple absolute; d. pursuant to a bailment contract 35. Washington is a community property state 36. In this type of deed, the seller not only conveys ownership in a parcel of real estate but the owner also guarantees good title to the buyer a. a quit claim deed; b. a sheriffs deed c. a deed in trust;

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