Which of the following is a requirement of a security agreement?
A) It must be an unwritten agreement.
B) It must describe the collateral.
C) It must be signed by a seller.
D) It must contain the specific instrument of payment.
Correct Answer:
Verified
Q2: A party who has primary liability is
Q3: A surety or guarantor may call on
Q4: Guarantors or sureties who have paid more
Q5: A security agreement contains the terms of
Q6: Companies may purchase insurance against the risk
Q8: Which of the following is true of
Q9: A party who undertakes to be responsible
Q10: Which of the following best describes the
Q11: Most contracts of surety need not be
Q12: Explain the right of subrogation of
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