Which of the following types of security agreements can be utilized by a bank that wishes to take a security interest in both the manufacturing equipment and accounts receivable of a borrower?
A) conditional sale
B) assignment of accounts receivable
C) general security agreement
D) chattel mortgage
E) guarantee
Correct Answer:
Verified
Q50: Which of the following is NOT an
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Q53: A business arrangement in which the seller
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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
Q59: Sam Levenson lent $50,000 to Mort's Auto
Q60: A receiver is:
A)a name of one position
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