Which of the Following Represents a Customer Who Reneged Due

question 10

Multiple Choice

Which of the following represents a customer who reneged due to the waiting line?

• A) A husband and wife decide to eat out instead after seeing the movie ticket line.
• B) A car drives past the first fast-food restaurant on Hamburger Row because the drive-through was full.
• C) A Black Friday shopper skipped one store because the line went around the building.
• D) A student ordered pizza online because the phone line was busy.
• E) A customer at a gas station went inside to buy a soda, but after waiting in line for a minute left the soda behind and went outside empty-handed.

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Definitions:

Security Agreement

A contract that grants a lender a security interest in a specified asset or property, serving as collateral for a loan.

Personal Property Registry

The Personal Property Registry is a legal database where security interests in personal property (items other than real estate) are registered, facilitating the public notice of claims.

Personal Property Registry

A legal registry for the public recording of interests in personal property (excluding real estate) to establish priorities and rights in that property.

Encumbrances

Legal claims or liens on property that may restrict its use or transferability, such as mortgages or easements.