The Legal Environment of Business
Quiz 11: Secured Transactions and Suretyship
Which of the Following Is a Type of Loan for Which
Which of the following is a type of loan for which no collateral is pledged? A)Commercial loan B)Signature loan C)Character loan D)Unsecured loan E)Guaranteed loan
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Security obtained through operation of law is known as a: A)pledge. B)bequest. C)lien. D)collateral. E)mortgage.
The property given as security for a debt is known as a: A)proceed. B)lien. C)mortgage. D)collateral. E)pledge.
A person who owes money or a duty of performance to another is known as an): A)obligor. B)creditor. C)pledger. D)bailer. E)debtor.
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