In a transaction involving unsecured credit,the lender may sell the collateral pledged by the borrower to satisfy the debt obligation.
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Q6: The debtor is the party that extends
Q7: Security interests may be taken in personal
Q8: Some states' laws provide for the use
Q9: In a mortgage,the creditor is the mortgagor.
Q10: Many states have enacted recording statutes that
Q12: Security interests may be taken in real
Q13: Secured credit refers to credit where there
Q14: A lender who is unsure whether a
Q15: In a mortgage,the debtor is the mortgagee.
Q16: Unsecured credit does not require any collateral
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