Question

The limitation of rule enunciated in Marshalling of securities is:

• A. The claim to marshal must not allowed to prejudice the rights of the first mortgagee or of others who have acquired an interest for consideration.
• B. The claim to marshal must be allowed to prejudice the rights of the first mortgagee or of others who have acquired an interest for consideration.
• C. The claim to marshal must be allowed to prejudice the rights of the second mortgagee or of others who have acquired an interest for consideration.
• D. The claim to marshal must not allowed to prejudice the rights of the second mortgagee or of others who have acquired an interest for consideration.

Answer 1

Answer: (A)

The claim to marshal must not allowed to prejudice the rights of the first mortgagee or of others who have acquired an interest for consideration.

Answer 2

The correct option is (A):The claim to marshal must not allowed to prejudice the rights of the first mortgagee or of others who have acquired an interest for consideration..