Olaf Is the Creditor in a Transaction with Phil

question 26

Multiple Choice

Olaf is the creditor in a transaction with Phil.Once certain require-ments are met,Olaf's rights will attach,which means that Olaf will have

• A)indivisible ownership right to Phil's property.
• B)an enforceable security interest in Phil's property.
• C)a notice affixed to Phil's property.
• D)the permission of a court to seize Phil's property.

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Definitions:

Primates

An order of mammals, including humans, monkeys, and apes, characterized by large brains, forward-facing eyes, and opposable thumbs.

Arboreal

Living in the trees.

Insect Eaters

Organisms that primarily consume insects as their main source of nutrition.

Diurnal Mammals

Mammals that are primarily active during the day and rest at night.