This form of personal covenant must be registered pursuant to the provincial Personal Property Security Act. The recording ensures validity against a would- be purchase of secured assets. This could be in reference to
A) one's fiduciary duty.
B) a corporate summons.
C) collusion between creditors.
D) a chattel mortgage.
E) a prior discharge.

Question

Quizplus · Accepted Answer

The form of personal covenant that needs to be registered under the provincial Personal Property Security Act to ensure validity against a potential purchase of secured assets is a chattel mortgage.

This Form of Personal Covenant Must Be Registered Pursuant to the Provincial