A Child Who Counts Numbers in a Mixed Up Sequence

question 98

Short Answer

A child who counts numbers in a mixed up sequence, such as "4, 2, 1, 5, 8, 6," is demonstrating a failure to understand the _______________ principle.

---

Definitions:

Junior Interests

Financial stakes in a company or property that rank below other debts and investments in terms of claims on assets or earnings.

Creditor's Debt

An obligation owed by a debtor to a creditor, typically involving the repayment of borrowed money with interest.

Automatically Perfected

A status achieved by security interests in certain types of property upon attachment, without further legal action or filing required.

Financing Statement

A document filed by a creditor to give public notice that it has or may have an interest in the personal property of a debtor (usually in connection with a secured transaction).