Why is it important to effect timely registration of a security interest?
A) It avoids the need to complete and file a disclosure statement
B) It is a pre-requisite to a creditor being able to enforce the debt against the debtor
C) It affects the creditor's tax liability
D) The order of registration determines the order of priority of creditors
E) All of the above
Correct Answer:
Verified
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Q53: A business arrangement in which the seller
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Q57: What is another name for collateral?
A)unregistered lien
B)guarantee
C)security
D)debt
E)indemnity
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A)a pledge of real
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A)a name of one position
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