A Creditor May Be Secured by Operation of the Law

question 529

True/False

A creditor may be secured by operation of the law only, all other means of securing loans are not enforceable.

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Definitions:

Outward

Pertaining to or directed towards the outside or external environment.

Big Five Traits

A model describing five major dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Living Longer

The result of various factors such as genetics, lifestyle choices, and advances in medical care that contribute to an increase in life expectancy.

Self-Control

The ability of an individual to regulate their emotions, thoughts, and behaviors in the face of temptations and impulses.