Two-party secured transactions occur when a seller sells goods to a buyer on credit and retains a security interest in the goods.

Name: Two-party secured transactions occur when a seller sells goods to a buyer on credit and retains a security interest in the goods.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

This statement describes a common scenario in which a two-party secured transaction would occur. The seller would have a security interest in the goods until the buyer pays for them in full.

Two-Party Secured Transactions Occur When a Seller Sells Goods to a Buyer