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June 2021 He decides to lease a third paddock which has become available; he borrows another $65,000 from CBA to enter into a two year

June 2021

He decides to lease a third paddock which has become available; he borrows another $65,000 from CBA to enter into a two year lease and signs another mortgage over his own paddocks. CBA just holds this mortgage in a safe.

To improve its recovery prospect for the June 2021 loan CBA should have [1 mark]

a.perfected the security

b.lodged a caveat

c.registered the security

d.B and C

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