Cloud Computing Is an Example of a Social Networking Site

question 64

True/False

Cloud computing is an example of a social networking site.

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Definitions:

Personal Property Security Act

Legislation that outlines the rules for creating and enforcing security interests in personal property, offering a way for creditors to secure repayment of debt.

Attachment

A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.

Perfection

Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.

Security

Collateral or asset pledged to guarantee the repayment of a loan or fulfillment of a contractual obligation.