________ is a writing that indicates both a monetary obligation and a security interest in specific goods.
A) Chattel paper
B) Control paper
C) Transactional paper
D) Secured paper
E) Bank paper

Question

Quizplus · Accepted Answer

Chattel paper is a term used in commercial law to refer to a document or documents that evidence both a monetary obligation and a security interest in specific goods. This can include a promissory note secured by a security agreement.

________ Is a Writing That Indicates Both a Monetary Obligation