The payment of Frida's debt to Gianini is guaranteed by Frida's personal property. Gianini is
A) a debtor.
B) a secured party.
C) a secured transaction.
D) a security interest.

Name: The payment of Frida's debt to Gianini is guaranteed by Frida's personal property. Gianini is A) a debtor. B) a secured party. C) a secured transaction. D) a security interest.
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Question

Quizplus · Accepted Answer

Gianini is considered a secured party because they have a security interest in Frida's personal property as collateral for the debt owed.

The Payment of Frida's Debt to Gianini Is Guaranteed by Frida's