Solved

Which of the Following Statements Below Is Correct About a Pawnbroker

Question 22

Multiple Choice

Which of the following statements below is correct about a pawnbroker?


A) A pawnbroker is always considered a buyer in ordinary course of business.
B) A pawnbroker always retains physical possession of the real property offered as collateral.
C) A pawnbroker retains the right to a security interest even if the property is sold to a buyer in the ordinary course of business.
D) A pawnbroker, in most cases, is engaged in illegal usurious activities.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents