A business is a ____when it has the ability to take some of the nonpaying customers' property to satisfy the debt.
A) general creditor
B) secured creditor
C) collateral creditor
D) real creditor
E) financed creditor
Correct Answer:
Verified
Q321: If a debtor is insolvent, the unsecured
Q322: In a(n) _, the debtor makes a
Q323: A secured creditor is one who:
A) is
Q324: A(n) _ allows more debt to be
Q325: Debt collection usually begin with:
A) a letter
Q327: If a debtor refuses to pay an
Q328: A creditor can obtain the property of
Q329: In a(n) _, goods and services are
Q330: An open account means:
A) multiple payments are
Q331: The most common form of credit is
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