Wassam Ltd has banked with Nabib Bank for many years. One of the loans that the bank
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Question:
Wassam Ltd has banked with Nabib Bank for many years. One of the loans that the bank has advanced is secured by a charge over Wassam Ltd's assets,
Which of the following comprises the legal relationship between Wassam Ltd and Nabib Bank in respect of this secured loan?
A. Bailor/Bailee
B. Principal agent
C. Mortgagor/ Mortgagee
D. Joint venture
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