Identify Which of the Following Statements Is True About Secured

question 87

Multiple Choice

Identify which of the following statements is true about secured transactions in provinces not having a personal property security act.

• A) All kinds of security arrangements involving personal property as collateral now come under one statute.
• B) Various kinds of secured transactions, such as conditional sales, chattel mortgages, etc., are regulated by their own distinct statutes.
• C) An assignment of an account receivable does not qualify as a security arrangement because no tangible property is involved.
• D) This kind of transaction, which formerly was legal, is now prohibited by law in all provinces.
• E) Only tangible personal property can be used as security.

---

Definitions:

Diversified Equity

An investment strategy that involves spreading investments among various stocks to reduce risk.

Compounded Quarterly

The process of calculating and adding interest to the principal sum of an investment or loan every quarter of a year.

Investment Worth

The value of an investment, taking into account both potential returns and risk level.

Compounded Semiannually

Refers to the process where interest is added to the principal balance of a loan or deposit twice a year, effectively increasing the amount of interest earned or paid.