The Practice of "Bunkering" Involves

question 10

Multiple Choice

The practice of "bunkering" involves:

• A)storing oil outside of the country.
• B)discarding crude oil in favor of natural gas.
• C)the illegal siphoning off of oil.
• D)discarding natural gas in favor of crude oil.
• E)the illegal avoidance of taxation on oil profits.

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Definitions:

Default

The failure to meet the legal obligations of a loan, typically by not making the required payments.

Re-Perfect

The act of renewing or restoring a security interest or claim in property to its original status or priority, generally after it has been lapsed or compromised.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a loan or obligation.

Financing Statement

A document filed to give public notice that a lender has a security interest in a debtor's asset, used in securing financing.