A Security Interest in a Loan Is Said to Be

question 37

Multiple Choice

A security interest in a loan is said to be perfected if the:

• A) bank holds the collateral.
• B) loan has no protective covenants.
• C) borrower is a low credit risk.
• D) government guarantees the loan.
• E) bank has never lent to the customer before.

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Definitions:

Stereotypes

Oversimplified generalizations about a group of people, ignoring individual differences and based on assumptions rather than factual evidence.

Discrimination

The unfair treatment of people based on their race, age, or gender, leading to bias and discrimination.

Groupthink

A mental occurrence happening among a group where the need for consensus or conformity leads to unreasonable or ineffective decisions.

Foot-in-the-Door Technique

A persuasion strategy that involves getting a person to agree to a small request to increase the chances they will agree to a larger request later.