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The Three Different Forms of Authority Include ________________

question 65

Multiple Choice

The three different forms of authority include ________________.


Definitions:

Priority

The established order of importance or urgency, often used to determine the precedence of claims or rights.

Registers

Official lists or databases maintained for recording information, transactions, or names in a structured format.

Power of Sale

A clause in a mortgage or trust deed that gives the lender the right to sell the property if the borrower defaults on payments.

Realise on Security

The process of selling secured assets to recover the amount due on a loan in the event of default.

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