A(n)__________ Subordination Is an Agreement Between Two Secured Creditors by Which

question 11

Multiple Choice

A(n) __________ subordination is an agreement between two secured creditors by which the subordinating party agrees that the lien of the other creditor will have priority notwithstanding the relative priorities that the parties' liens would otherwise have under applicable law.

• A) unenforceable
• B) debt
• C) lien
• D) equitable

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Definitions:

Truth Values

The valuation in logic assigned to propositions, indicating their truthfulness as either true (T) or false (F).

Biconditional

A logical statement in which both parts imply each other; true only when both parts are simultaneously true or false.

Component

A component or segment of a more extensive whole, particularly a section of machinery or a system.

Consequent

In a conditional statement, it refers to the outcome or result that follows from the fulfillment of a precedent condition.