Which One of the Following Requires Permission from the Security

question 22

Multiple Choice

Which one of the following requires permission from the security holder before the item(s) used as collateral can be sold?

• A) real estate mortgage
• B) floating charges
• C) stock- in- trade
• D) pledge
• E) chattel mortgage

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Definitions:

Maximum Impact

The greatest possible effect or influence that an action, decision, or event can have on a situation or organization.

Training Investments

Resources allocated by an organization towards the development and improvement of its employees' skills and knowledge.

Behaviour Modification

A technique that operates on the principle that behaviour that is rewarded, or positively reinforced, will be exhibited more frequently in the future, whereas behaviour that is penalized or unrewarded will decrease in frequency.

Equity And Fairness

Principles ensuring impartial and just treatment or behavior without favoritism or discrimination.