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    Question

    In vehicle financing, which type of charge is typically

    created by the lender on the vehicle?
    A Mortgage Correct Answer Incorrect Answer
    B Pledge Correct Answer Incorrect Answer
    C Hypothecation Correct Answer Incorrect Answer
    D Lien Correct Answer Incorrect Answer
    E Assignment Correct Answer Incorrect Answer

    Solution

    Hypothecation is a charge without possession on movable assets like vehicles.

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