Which of the Following Is Not True About Two-Phased Locking

question 24

Multiple Choice

Which of the following is not true about two-phased locking?

• A)Cannot obtain a new lock once a lock has been released
• B)Uses only shared locks
• C)Has a growing phase
• D)Has a shrinking phase

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Definitions:

Mortgagees

Banks or other financial institutions that lend money to borrowers (mortgagors) for the purchase of property, holding a lien on the property as security for the repayment of the loan.

Security Interest

A security interest is a legal right granted by a debtor to a creditor over the debtor's property to secure the repayment of a debt.

Financing Statement

A document filed to indicate a security interest in personal property, used to publicize a creditor's right to possible repossession of goods.

Perfection

In legal finance, it refers to the process of securing a lien or interest in a borrower's collateral, making it legally enforceable against third parties.