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      Question

      A charge created over an asset as security that gives

      equal rights to all lenders is called _____ย 
      A Pari passu Correct Answer Incorrect Answer
      B Equal Lien Correct Answer Incorrect Answer
      C Exclusive charge Correct Answer Incorrect Answer
      D Equitable charge Correct Answer Incorrect Answer
      E Further charge Correct Answer Incorrect Answer

      Solution

      A pari-passu charge is a security interest that gives multiple lenders equal rights to a borrower's assets.

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