A secured transaction is a transaction in ________.
A) which the payment of a debt is guaranteed by personal property owned by the debtor
B) which the payment of a loan is made to a bank
C) which a guarantor gives collateral for any transaction
D) which a bank receives property as collateral
E) which two parties agree to a loan

Question

Quizplus · Accepted Answer

A secured transaction involves a debtor providing personal property as collateral to guarantee the payment of a debt.

A Secured Transaction Is a Transaction in ________