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      Question

      Which type of charge gives exclusive right to the

      creditor to recover dues from a specific asset?
      A Hypothecation Correct Answer Incorrect Answer
      B Lien Correct Answer Incorrect Answer
      C Assignment Correct Answer Incorrect Answer
      D Mortgage Correct Answer Incorrect Answer
      E Pledge Correct Answer Incorrect Answer

      Solution

      In a mortgage, the lender has legal rights over a specified immovable property in case of default.

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