When a Creditor Extends Credit to a Debtor and Takes

question 47

Multiple Choice

When a creditor extends credit to a debtor and takes a security interest in some personal property of the debtor, it is called a ________.

• A) super-priority lien
• B) collateral claim
• C) collateral disposition
• D) secured transaction

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Definitions:

Current Moods

The emotional state or feeling that a person is experiencing at the present moment.

Secondary Emotion

An emotional reaction that is a response to a primary emotion; for example, feeling shame (secondary) as a result of feeling fear (primary).

Primary Emotion

Primary emotion refers to basic feelings that are hardwired into humans due to evolutionary programming, such as happiness, sadness, fear, and disgust, and are universally experienced across cultures.

School Dance

A social gathering or event organized by a school where students come together to dance and interact in a semi-formal or informal setting.