Orvilie borrowed 25000 from his friend Wilbur Orvile sign.pdf
- 1. Orvilie borrowed $25,000 from his friend Wilbur. Orvile signed a promissory note in which he agreed to pay interest to Wilbur at the rate of 6% annually with the entire amount of principal to be repaid in 24 months. Unfortunately. Orvile lost his job and was unable to find new employment. As a result, he was unable to repay Wilbur. Wilbur sued Orville and obtained a judgment for $20,000 plus interest. Wibur opplied to the cierk of the couirt that issued the judgment for a writ of execution instructing local law enforcement authorities to seize a boat owned by Omilie But what if the facts of the case were different? Select each set of facts below that could affect the lien sought by wibur.Check All That Apply While the lawsult against Orville was pending, Wibur became awase of information that Orvile was about to ieave the state and take all of his personal assets with him. Instead of seeking a writ of execution upon Orvile's boat, Wibur seeks to seize Orvile's coin and stamp collection in order to satisfy the judgment Orvile found a job after the judgment was entered agoinst him in Wilbur's fovor. Wibur sought to seize a portion of Orvile's wages to. satisly the judgment Wibur's loan was made to a corporation owned by Orvile. Orvile signed a contract in which he agreed to repay the loan from hs personal assets if his corporation defoulted. Wibur sought to hold Orvilie and his corporation equaly responsibie for repayment at the time the loan was due.