Tashkent State University of Law

(1) C	(2) A	(3) B	(4) E
(5) D

Read the text and decide if the statements under it are TRUE or FALSE. Write your answers in the box below. (5 points )

6. 
   If the party that grants the security interest does not to fulfill its obligation, the holder of the security interest can normally take possession of the asset in question and sell it in order to recoup any losses.
   
7. 
   real estate mortgage or deed of trust can be a common example of a security interest.
   
8. 
   Under a security agreement, the debtor's personal property (non-real estate) and intangibles, such as intellectual property, are often used as loan.
   
9. 
   There are nine major types of proprietary security interests under English law and in most common law jurisdictions derived from English law.
   
10. 
    Over two decades would pass before such security interests were recognized as legitimate.