A Secured Interest Is A[n] ________ Lien

question 33

Multiple Choice

A secured interest is a[n] ________ lien.

• A) Consensual
• B) Statutory
• C) Judgment
• D) Approved
• E) Evaluated

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Definitions:

Dissent

The act of expressing a difference of opinion or disagreement with a prevailing view or decision.

Executive Committee

a smaller group within a larger organization's board of directors that makes important decisions and policies.

Purpose Clause

A section within a legal document or law that outlines the intent or goal of the document or statute.

Model Business Corporation Act

A model set of laws prepared by the American Bar Association that serve as a guide for state legislations to regulate corporate formation, operation, and dissolution.