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Ruth Loves Candy and Her Mother Often Uses It as a Consequence

question 63

Multiple Choice

Ruth loves candy and her mother often uses it as a consequence for Ruth's behavior. When her mother takes away Ruth's candy because she has acted badly, her mother is providing a ______.


Definitions:

Chattel Mortgage

A loan arrangement where personal movable property is used as security for the loan.

Promissory Note

An economic document that includes a binding commitment from one party to another to deliver a specific amount of funds, payable either upon request or at an agreed-upon date in the future.

Defaulted

The failure to meet legal obligations or conditions, such as not making the required payments on a loan.

Real Defences

Legal defenses that can be used to assert an individual's right or title against the whole world, including in matters of property and debt.

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