A business arrangement in which the seller retains legal title to property pending payment of the purchase price but delivers possession of it to the purchaser is called:
A) a chattel mortgage
B) a licence
C) a conditional sale
D) an assignment
E) a mortgage
Correct Answer:
Verified
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Q57: What is another name for collateral?
A)unregistered lien
B)guarantee
C)security
D)debt
E)indemnity
Q58: A chattel mortgage is:
A)a pledge of real
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