1 The creditor has always a better memory than the detor. 

2 The boss assigned his car to his creditor.

3 He managed to stall off his creditor.

4 I had to run away from my creditor whom I made a usurious loan.

5 The creditor banks, reckons the study, did less well.

6 Generally, debtors must negotiate with each creditor separately, and must face the ordeal without advice.

7 Also until such time as a creditor has lodged a proof of debt, he can not vote at meetings of creditors.

8 This, in turn, enables the creditor to present a bankruptcy petition.

9 The creditor would not be concerned with the question whether or not the surety had an adequate understanding of the transaction.

10 A creditor of the partnership may therefore sue any partner for the full amount of the debt.

11 A partially secured creditor is entitled to receive a dividend on the unsecured part of his claim having valued his security.

12 Debt service payments to commercial creditor banks, suspended in November, were scheduled for resumption at the end of February 1991.

13 The creditor is entitled to further payments from that date at the said rate.

14 It was held that the creditor could recover only 400,000.

15 The creditor had no knowledge of what had passed between debtor and sureties.

16 If one creditor then sues for the balance of his debt he commits a breach of contract with each of those creditors.

17 If one has to pay a creditor ￡100 in one year's time,[www.Sentencedict.com] it is not necessary to have ￡100 today.

18 Creditor business continues to be affected by the poor economic climate.

19 In 1950 the UK was the world's largest debtor nation and the US the largest creditor.

20 Their backs are to the wall. If they don't find another creditor, they will go bankrupt.

21 That is, the value of each vote is equal to the amount owed to the creditor casting that vote.

22 Royal Bank currently generates C $ 335 million in annual premiums from the sale of creditor life and disability insurance.

23 The nominee summons the meeting, giving notice to every creditor.

24 Unfortunately, the company's bank, the tax man and employees come first; you will then be an unsecured creditor.

25 However, we are understandably reluctant to raise this with the creditor organisations.

26 Chapter 7 Review questions 1. In your own words describe what a creditor is and when creditors arise.

27 Answer guide: Record in the stock column and in a creditor column. Balance sheet - increase assets and liabilities.

28 More controversially, the Crown for certain unpaid taxes and other levies is also accorded the status of preferential creditor.

29 The vitiating feature was undue influence or misrepresentation on the part of the debtor unknown to the creditor.

30 Secondly, the same principles apply to a contract between the creditor and one of joint and several debtors.