Author Question: A ________ creditor is an unsecured creditor whose claims take precedence over the claims of other ... (Read 31 times)

Bernana · **on:** Aug 3, 2018

A ________ creditor is an unsecured creditor whose claims take precedence over the claims of other creditors.

A) Priority
B) Secondary
C) Non-Priority
D) None of the above

Question 2

A(n) ________ clause gives the creditor the right to repossess the goods if the debtor does not make payments in a timely fashion.

A) Addendum clause
B) Statutory clause
C) (PMI) insurance clause
D) (PMSI) clause