Which Transaction Is Not Registered Under the Personal Property Securities

question 10

Multiple Choice

Which transaction is not registered under the Personal Property Securities Act?

• A) Chattel mortgage.
• B) Conditional sales contract.
• C) Purchase money securities interest.
• D) Section 427 Bank Act security.

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Definitions:

Class Action

A lawsuit filed by one or more plaintiffs on behalf of a larger group of people who are similarly affected by the same issue.

Representative Plaintiff

An individual in a class action lawsuit who represents the interests of the class members and whose experience typifies the grievances of the whole class.

Named Plaintiff

A named plaintiff is an individual who brings a lawsuit or is named in a legal action on behalf of a group in a class action lawsuit, representing the interests of the members of the class.

Lead Plaintiff

A representative party in a class-action lawsuit who has a significant interest in the outcome and leads the litigation process.