Olive Borrows from Polo and Quennell,using the Same Collateral for Both

question 17

Multiple Choice

Olive borrows from Polo and Quennell,using the same collateral for both loans.Only Quennell has a perfected security interest.Olive defaults on both loans.The party with first rights to the collateral is

• A)Olive.
• B)Polo and Quennell,in proportion to Olive's debt to each.
• C)Polo.
• D)Quennell.

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Definitions:

Sternberg's Triangular Model

A theory of love proposed by psychologist Robert Sternberg, characterizing love in terms of three components: intimacy, passion, and commitment.

Liking

A feeling of fondness or affection towards someone or something.

Infatuation

An intense but short-lived passion or admiration for someone or something.

Passion

Strong romantic and sexual feelings.