Which of the Following Organizations Wants to Be Involved in Direct

question 7

Multiple Choice

Which of the following organizations wants to be involved in direct regulation of paralegals?

• A)State bar associations
• B)Government authorities
• C)NALA
• D)NFPA
• E)All of these choices are correct

---

Definitions:

Secured Parties

Creditors who have the right to seize collateral if a debtor fails to fulfill their obligation under a secured agreement.

Unsecured Creditors

Creditors who have extended credit without the protection of collateral, making their claims on a debtor’s assets secondary to those of secured creditors.

Collateral

Property or assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.