When a Creditor Extends Credit to a Debtor, to Protect

question 401

Multiple Choice

When a creditor extends credit to a debtor, to protect itself, the creditor should:

• A) take a security interest in an asset owned by the debtor
• B) make sure to attach any security interest it takes
• C) make sure that its security interests are not perfected
• D) take a security interest in an asset owned by the debtor and make sure to attach any security interest it takes
• E) take a security interest in an asset owned by the debtor and make sure to attach any security interest it takes and make sure the security interests are not perfected

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Definitions:

Induration

A medical term for an area of hardened tissue, typically resulting from inflammation, infection, or the reaction to a skin test.

Antitussive/Expectorant

A medication that suppresses coughing and helps in the expulsion of mucus from the respiratory tract.

Bronchitis

Inflammation of the bronchial tubes in the lungs, characterized by coughing and breathing difficulties, often due to infection.

Peak Expiratory Flow Meter

A portable device used to measure the speed of air expelled from the lungs, helping in the monitoring of respiratory conditions like asthma.