1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetlana [45]
2 years ago
15

Alice approaches you for advice. she informs you that she owes many people a lot of money and wishes to apply for Her own volunt

ary surrender. she asks if you could perhaps, as her best friend, help her to write a formal letter to give to her brother, stating that she can no longer pay her debts to him. discuss what this action above is called and refer to a relevant legislation. also advise alice as to whether she will succeed in her action to apply for voluntary surrender.​
Law
1 answer:
Sloan [31]2 years ago
4 0

This process which Alice wants to take is known as insolvency,

<h3>What is Voluntary Surrender?</h3>

This refers to the repossession which involves the return of items that were conditions for a loan.

Hence, we can note that this involves telling your lenders that you are unable to make payments on a loan and because Alice is in insolvency, then it would be worth noting that collateral would have to be repossessed as she cannot pay her brother.

Read more about insolvency here:
brainly.com/question/1142634

You might be interested in
The equal rights amendment was passed by congress but never ratified by the states. Many other proposed amendments have shared t
Zielflug [23.3K]
To pass an amendment in Congress both the Senate and the House of representatives must have 2/3 vote to ratify. The amendment can also be ratified by constitutional convention in which the states vote, requiring 28 states to vote yes.
7 0
3 years ago
Amy joined the US Army and must undergo the Army Physical Fitness Test (APFT). How often must Amy pass the test to prove herself
natima [27]

Amy needs to pass the test "once a year".

Option A

<h3><u>Explanation: </u></h3>

The United States Army, in order to make sure that its cadets are fit enough to serve in the army further more, conducts a test called the Army Physical Fitness Test.

It is mandatory for each and every soldier in the army to pass this test with a "minimum score of 180" in order to prove his ability to serve in the army for a still longer period. The test consists of three distinct events carrying 60 marks each.

4 0
3 years ago
One of the most serious oversights that someone could commit is. A) Driving under the influence of alcohol or other drugs OB) dr
garik1379 [7]
D. Driving down a one way street
8 0
2 years ago
Political parties are expected to serve the Interests of_
Ugo [173]
I would say interest groups
6 0
3 years ago
Someone answer fast plsss
erastovalidia [21]

Answer:To simplify finding the law, most all statutes are organized by subject in a set of books called a code. The body of statutes that comprises the criminal law is often referred to as the criminal code, or less commonly as the penal code.

Explanation:

5 0
3 years ago
Other questions:
  • Which is the only program that covers nursing home care?
    11·2 answers
  • 1. What ideas came from the Magna Carta?
    13·1 answer
  • Heidi Klum has decided to produce and sell a signature fragrance. Klum spends countless hours with a bottle manufacturer coming
    5·1 answer
  • A part 36 offer may be made at anytime,including before prceedings have commenced
    10·1 answer
  • Gina is 15 and lives in Oklahoma with her parents and 2 siblings who are fiancially well and no abuse or problems whatsoever. Gi
    9·1 answer
  • An optionor and optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise hi
    12·1 answer
  • Which of the following is an obligation of creditors in the debtor-creditor relationship?
    5·2 answers
  • Someone who is agile is all of these, except:
    8·2 answers
  • Con rrspecto a la diversidad , ¿Que propuestas tendrias para cambiar y mejorar la situacion de tu país?
    7·1 answer
  • The Senate of the United States shall be composed of two Senators from each State, chosen by the Legislature thereof, for six Ye
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!