The Case in Point on Oil Extraction Implies That the Environmental

question 71

Multiple Choice

The Case in Point on oil extraction implies that the environmental damage associated with future oil extraction is likely to :

• A)fall because of improving technology.
• B)fall as new oil fields are discovered.
• C)rise because more environmentally invasive procedures will be required to extract oil.
• D)rise because speculators are likely to be increasingly active in the future.

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Definitions:

Deposit Account

A bank account that holds deposited funds, such as a savings or checking account, allowing for the deposit and withdrawal of money.

Perfection

In law, especially regarding secured transactions, refers to the act of making a security interest enforceable against third parties by fulfilling legal requirements.

Financing Statement

A document filed by a creditor to announce a security interest in a debtor's assets, used in securing loans.

Security Agreement

A legal contract that grants a lender a security interest in a specific asset or property pledged as collateral by the borrower.