In Order to Establish a Superior Right, a Creditor Must

question 37

Multiple Choice

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

• A) prohibit a default
• B) insure the debt instrument
• C) place a notice of the interest in the Federal Register
• D) keep the existence of the security interest a guarded right
• E) none of the other choices

---

Definitions:

Not Privileged

Information or documents that are not protected by a legal right or exemption from disclosure in a legal proceeding.

Relevant Information

Data or facts that are directly connected to and have a significant impact on a particular issue, topic, or decision-making process.

Court Rule

This refers to the standardized procedures and guidelines that govern the operational and procedural conduct within a court of law.

Discovery

A pre-trial procedure in a lawsuit where each party can obtain evidence from the opposing party through various means like requests for answers to interrogatories, requests for production of documents, and depositions.