A Secured Interest Is A[n] ________ Lien

question 33

Multiple Choice

A secured interest is a[n] ________ lien.

• A) Consensual
• B) Statutory
• C) Judgment
• D) Approved
• E) Evaluated

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Definitions:

Canadian Dollars

The Canadian dollar is the currency of Canada, often represented by the symbol CAD or simply $.

Lower Terms

Expressing a fraction in its simplest form so that the numerator and denominator are as small as possible.

Ratio

A comparison, by division, of the relative size of two or more quantities.

Proportion

A statement of the equality of two ratios.