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:

Unlicensed Assistive Personnel

Individuals who provide basic care services under the supervision of licensed healthcare professionals, without having a professional license themselves.

Mobility

The ability or ease of moving or being moved freely and easily.

Bed Immobility

The inability of an individual to change positions or move out of bed, often due to illness or disability.

Pressure Ulcers

Injuries to skin and underlying tissue resulting from prolonged pressure on the skin, commonly found in bedridden or immobile patients.