An Interest in Property of a Debtor to Which a Creditor

question 37

Multiple Choice

An interest in property of a debtor to which a creditor may look in the event of non- payment of the debt is called

• A) collateral security.
• B) property interest.
• C) chattel mortgage.
• D) secured property.
• E) debenture.

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Definitions:

Repeatedly Assessed

Subjected to evaluation or examination multiple times to ensure consistency, accuracy, or improvement over a period.

Survey Research

A research method involving the collection of data from a predetermined group of respondents to gather information and insights on various subjects.

Large Group

a gathering of people, typically more than 20, brought together for a common purpose or activity.

Development

The process of growth and change that occurs within an organism or organization over time, encompassing physical, cognitive, and social aspects.