A Is an Unsecured Creditor in a Car Loan Agreement

question 34

Multiple Choice

A is an unsecured creditor in a car loan agreement dated January 1, 2020. B is a secured creditor in an unregistered chattel mortgage dated January 2, 2020.
C is a secured creditor in a registered chattel mortgage dated January 3, 2020 and registered on January 13, 2020.
D is a secured creditor in a registered chattel mortgage dated January 4, 2020 and registered on January 12, 2020.
E is a secured creditor in a registered chattel mortgage dated and registered on January 5, 2020.
Which of the following creditors has the highest priority?

• A) A
• B) B
• C) C
• D) D
• E) E

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Definitions:

Surface Traits

Aspects of personality that can easily be seen by other people in the outward actions of a person.

Raymond Cattell

A psychologist known for his research in personality, intelligence theory, and a range of psychometric tests, contributing significantly to psychological assessment.

Trait Perspective

A view in psychology that focuses on the identification and measurement of specific personality characteristics or traits.

Goals of Psychology

To describe, explain, predict, and control behavior and mental processes through scientific methods.