Lena Borrows from Mac and Nicol,using the Same Collateral for Both

question 69

Multiple Choice

Lena borrows from Mac and Nicol,using the same collateral for both loans. Only Nicol has a perfected security interest. Lena defaults on both loans. The party with first rights to the collateral is

• A)Lena.
• B)Mac and Nicol,in proportion to Lena's debt to each.
• C)Mac only.
• D)Nicol only.

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Definitions:

Gender Segregation

The physical, legal, or cultural separation of people based on their gender.

Concentration Of Women

Situations or contexts where women are in majority or where their presence is significantly higher than that of men.

Legislation

Laws and regulations formally enacted by governing bodies to regulate, authorize, forbid, or sanction specific actions and practices.

Gender Identity

Gender identity is an individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.