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The Provinces Across Canada Have Each Enacted a Stature Called

Question 43

Multiple Choice

The provinces across Canada have each enacted a stature called the Personal Property Security Act. These acts use a common form of registration to record security interests. This system enables a province to


A) allow the public to search in the name of the property used as collateral.
B) provide public notice of the debtor's security interests.
C) easily reject any after- acquired property.
D) make ownership interests by "attachment".
E) provide a guaranteed certificate of search.

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