Olive Borrows from Polo and Quennell,using the Same Collateral for Both

question 17

Multiple Choice

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

• A)Olive.
• B)Polo and Quennell,in proportion to Olive's debt to each.
• C)Polo.
• D)Quennell.

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Definitions:

Whiteness

A societal construct referring to the social, economic, and political advantages that come with being identified as white in many societies, often at the expense of non-white individuals.

Post-colonial Theory

An intellectual discourse that analyses, explains, and responds to the cultural legacy of colonialism and imperialism.

Colonialism

The effects of imperialism, including concrete and ideological effects, within colonized territories.

Imperialism

The conquest of land, resources, and people’s labour; the ideas, practices, and attitudes of colonizers.