The property given to a creditor as security for a debt is known as:
A) a mortgage.
B) collateral.
C) a pledge.
D) a lien.
E) ademption.
Correct Answer:
Verified
Q32: Able and Baker agree to stand as
Q33: If a debtor removes collateral to another
Q34: An assurance, generally purchased by an employer,
Q35: The process by which a security interest
Q36: Which of the following is true of
Q38: A lien that is expanded to cover
Q39: A person who owes money or a
Q40: A surety bond that ensures a property
Q41: Alice Ace was the owner of Ace
Q42: George bought a washing machine from Sears,
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