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1, Marlene has a savings account at First National Bank, as well as a mortgage and a car loan. When Marlene filed for bankruptcy, First
1, Marlene has a savings account at First National Bank, as well as a mortgage and a car loan. When Marlene filed for bankruptcy, First National could take the money in Marlene's savings account as partial payment for the loans. First National used its right of ______.
a, setoff
b, redemption
c, execution
d, levy in distress
2, The transfer of an instrument by assignment vests the assignee ______ rights compared to the assignor.
a, greater
b, lesser
c, the same
d, negotiable
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