Blue Bank Agreed to Give Clarice an Operating Line of Credit.Clarice

question 54

True/False

Blue Bank agreed to give Clarice an operating line of credit.Clarice gave Blue Bank a security interest in all the present and future assets of her home renovation business which she carries on in Thunder Bay, Ontario, to secure her obligations under the line of credit.The security agreement says nothing about Clarice's right to sell her assets.The bank has registered its security interest under the Ontario Personal Property Security Act.Clarice can sell any of her assets without the consent of the bank.

---

Definitions:

Hart-Celler Act

A 1965 United States immigration law that abolished national origin quotas, significantly altering American immigration policy.

Immigration Law

A set of rules governing who may enter a country, how long they may stay, and what activities they are permitted to engage in while present.

Violence In Birmingham

The aggressive and often unlawful use of force, particularly by law enforcement and segregationists, against civil rights activists and African American citizens during the civil rights movement in Birmingham, Alabama.

Port Huron Statement

A manifesto by Students for a Democratic Society that criticized institutions ranging from political parties to corporations, unions, and the military-industrial complex, while offering a new vision of social change.