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:

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A situation where the directors or shareholders of a corporation are unable to reach a consensus, halting decision-making processes.

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