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Question

Negative lien means

A A declaration by a borrower not to encumber assets of the company without previous consent of banker Correct Answer Incorrect Answer
B Deposit of title deeds with the bank with an oral declaration to mark bank's lien Correct Answer Incorrect Answer
C Alien letter to execute Correct Answer Incorrect Answer
D By the borrower authorizing the bank to Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The correct answer is A

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