Political risk

Course questionnaire: how an unpaid debt is notified and settled

Six easy questions on the path of an unpaid debt: the notice, collection, allocation, time bars, forfeiture and the country without effective remedy.

6 questions, 5 minutes

Course questionnaire

Easy questions on the central ideas of the course, several of them true or false. Get 5 out of 6 right and the course is passed. After each answer, you see whether it is right, and why.

1 / 6 · True or false

Answers are marked together when you submit: choose, move on to the next one, and your score comes at the end.

True or false: the notice of non-payment and the claim filing are one and the same act.

Review

Every question, its answer and the reasoning

The same material, in continuous reading. Each point links to the matching glossary entry, where the notion is covered in full with its worked example.

Course questionnaire: how an unpaid debt is notified and settled

Every question, its answer and the reasoning

1. True or false: the notice of non-payment and the claim filing are one and the same act.

2. Deliveries made after learning of the buyer's default are generally:

3. After a partial payout, who is paid first out of the amounts recovered?

4. True or false: a written acknowledgment of debt from the buyer generally interrupts the limitation period.

5. True or false: forfeiture can cost the payout even though the receivable is perfectly valid.

6. In a country with no effective remedy, what does the policy's collection diligence reasonably require?