Cohabitation Refers To

question 55

Multiple Choice

Cohabitation refers to:

• A) two unrelated people sharing a household.
• B) two unmarried people sharing a household.
• C) two unmarried partners sharing a household.
• D) multiple couples sharing a household.

---

Definitions:

Ordinary Course

Pertains to regular business activities and operations conducted by an entity under normal circumstances.

Security Interest

A financial mechanism that gives a lender priority over the borrower's assets or property in the case of default.

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor, used to perfect a lien.

Perfection

In the context of securing interests in property, it is the process of completing all required legal steps to enforce a security interest against third parties.