A Creditor Might Try to Obtain an Advantage Over Other

question 79

Multiple Choice

A creditor might try to obtain an advantage over other creditors by obtaining a(n) ________ on the debtor's property to secure an existing debt.

• A)surety
• B)preferential lien
• C)presentment
• D)equity of redemption

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Definitions:

Proportions

A statistical measure that reflects the relationship of a part to the whole, often expressed as a fraction or percentage.

Median

Median is the middle value in a set of data when arranged in ascending or descending order, effectively dividing the dataset into two halves.

Ordered Array

A list of elements arranged in ascending or descending order based on their values.

Histogram

A graphical representation of the distribution of numerical data, usually a bar graph, where the data is grouped into ranges or bins and the frequency of data points within each range is depicted.