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How Are Assets Used as Security Generally Classified with Respect

Question 16

Multiple Choice

How are assets used as security generally classified with respect to a general security agreement?


A) as a real property mortgage over the business's assets
B) as an assignment of the business's accounts receivable
C) in terms of the degree of control the lender will acquire upon default
D) in terms of whether they are meant to be retained in the debtor's business

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