Which of the following is not a form of security for bank loans?
A) Assignment of book debts
B) Mortgage of Real Estate
C) Guarantee of a third party
D) Chattel Mortgage
E) Assignment of Office Furniture

Question

Quizplus · Accepted Answer

Assignment of Office Furniture is not a commonly accepted form of security for bank loans. The other options, including assignment of book debts, mortgage of real estate, guarantee of a third party, and chattel mortgage, are all common forms of security for bank loans.

Which of the Following Is Not a Form of Security