Which of the Points Shown in the Diagram Are at the Same

question 98

Multiple Choice

Which of the points shown in the diagram are at the same potential?

• A) 2 and 5
• B) 2, 3, and 5
• C) 1 and 4
• D) 1 and 5
• E) 2 and 4

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Definitions:

Secured Creditors

Creditors who have a legal claim or lien on specific assets of the debtor as collateral for the debt.

Unsecured Creditors

Creditors who have claims on the assets of a debtor but no collateral securing those claims.

Non-exempt Asset

An asset that is not protected under bankruptcy laws and can be seized to satisfy creditor claims.

Perfected Security Interest

A legal state where a creditor has taken the necessary steps to establish and maintain a priority claim on a debtor's collateral in case of default.