A Creditor Might Try to Obtain an Advantage Over Other

question 79

Multiple Choice

A creditor might try to obtain an advantage over other creditors by obtaining a(n) ________ on the debtor's property to secure an existing debt.

• A)surety
• B)preferential lien
• C)presentment
• D)equity of redemption

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Definitions:

Management

The art of getting things accomplished in organizations through others.

Psychological Safety

A condition within a team or organization where individuals feel safe to take interpersonal risks, express their opinions, and be vulnerable without fear of negative consequences.

Social Risks

Risks that stem from changes in societal expectations or norms, affecting an individual's or organization's social standing or operations.

Organizational Citizenship Behaviour

Refers to voluntary actions employees take to help others and benefit the organization, beyond their job requirements.