A(n)________ Is a Lien Given by a Debtor to His

question 68

Multiple Choice

A(n) ________ is a lien given by a debtor to his creditor to secure payment or performance of a debt or obligation.

• A)fixture
• B)security interest
• C)attachment
• D)future advancement

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Definitions:

Governmental Action

Any action taken by a government body, which can include legislation, executive orders, or regulatory actions.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate trade between states, foreign nations, and Indian tribes.

Interstate Commerce

Trade, traffic, or transportation of goods, services, or persons between different states within a country, regulated by federal law.

First Amendment

The First Amendment to the United States Constitution protects freedoms concerning religion, expression, assembly, and the right to petition.