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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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