A Reason That a Secured Lender Should Register Its Secured

question 12

Multiple Choice

A reason that a secured lender should register its secured interest is to:

• A) secure the priority of the lender in the event of bankruptcy of the borrower
• B) allow the lender to seize the security from the borrower
• C) guarantee the lender repayment of the debt
• D) prohibit the borrower from reselling the security
• E) all of the above

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Definitions:

Liver

A vital organ responsible for numerous functions including detoxification, protein synthesis, and the production of biochemicals necessary for digestion.

Coronary Bypass

A surgical procedure to improve blood flow to the heart by redirecting blood around a section of a blocked or partially blocked artery in the heart.

Stent

A tube or other device inserted into a blocked passageway to keep it open, frequently used in arteries to prevent or relieve a blockage.

Blockage

Blockage refers to the obstruction or closing off of a passage or vessel, impeding or stopping the flow within it.