A ________ is a written document signed by a debtor that creates a security interest in personal property.
A) license
B) lease agreement
C) security agreement
D) chattel paper

Question

Quizplus · Accepted Answer

A security agreement is a written document signed by a debtor that creates a security interest in personal property. A license is a legal agreement between two parties granting permission to use a good or service. A lease agreement is a contract that allows one party to use property owned by another party in exchange for rent. Chattel paper is a legal document that serves as evidence of a financial obligation, such as a promissory note or lease agreement.

A ________ Is a Written Document Signed by a Debtor