In Order to Establish a Superior Right, a Creditor Must

question 45

Multiple Choice

In order to establish a superior right, a creditor must:

• A) prohibit a default
• B) insure the debt instrument
• C) perfect the security interest
• D) keep the existence of the security interest a secret
• E) do none of these things

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Definitions:

Unreasonable

Lacking sound judgment; not guided by rational thinking or fairness.

Masochistic

Inclined towards masochism, which involves deriving pleasure, especially sexual gratification, from one's own pain or humiliation.

Industrialized Nations

Countries that are characterized by significant levels of industrialization, advanced technological infrastructure, and higher living standards.

Subordinate Status

A position of lower rank or secondary importance, often resulting from societal structures of power and domination.