What Kind of Corporate Debt Must Be Secured by Real

question 46

Multiple Choice

What kind of corporate debt must be secured by real property?

• A)Mortgage bonds
• B)Notes
• C)Asset-backed bonds
• D)Debentures

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Definitions:

Intended Beneficiary

A third party to a contract whom the contracting parties intended to benefit directly from their contact.

Prenuptial Agreement

A contract entered into prior to marriage specifying the distribution of assets in the event of divorce or death.

Ownership Rights

The legal rights to use, control, and dispose of property or assets.

Post Hoc Ergo Propter Hoc

A logical fallacy that occurs when it is assumed that because one event followed another, the first event caused the second.