Lena Borrows from Mac and Nicole, Using the Same Collateral

question 21

Multiple Choice

Lena borrows from Mac and Nicole, using the same collateral for both loans. Only Nicole has a perfected security interest. Lena defaults on both loans. The party with first rights to the collateral is​

• A) ​Lena.
• B) ​Mac and Nicole, in proportion to Lena's debt to each.
• C) ​Mac only.
• D) ​Nicole only.

---

Definitions:

Framing

In communication, the selection of certain aspects of a perceived reality to make them more salient in a communicating text, influencing how others perceive it.

Nonrecyclable Containers

Articles of packaging that cannot be processed and reused through conventional recycling efforts, often contributing to environmental waste.

Personal Correspondence

Personal correspondence refers to the exchange of private and personal information between individuals through letters, emails, or other forms of communication.

First Amendment

The First Amendment to the U.S. Constitution protects freedoms concerning religion, expression, assembly, and the right to petition the government.