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For the Bank to Realize on a Section 427 Security

Question 16

Multiple Choice

For the bank to realize on a section 427 security (Bank Act, 1991) , which of the following must the bank receive from the borrower?


A) floating charges
B) a chattel mortgage
C) the standard form of notice-then filed at the nearest land registry office
D) a conditional sale contract
E) power of attorney

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