Market Credit Corporation is the secured party in a secured transaction with Northwest Outfitters. Market Credit could also be referred to as
A) the debtor.
B) the secured creditor.
C) the security interest.
D) the filing officer.

Question

Market Credit Corporation is the secured party in a secured transaction with Northwest Outfitters. Market Credit could also be referred to as​
A) ​the debtor.
B) ​the secured creditor.
C) ​the security interest.
D) ​the filing officer.

Quizplus · Accepted Answer

Market Credit Corporation is the party who holds the security interest and therefore is the secured creditor in this transaction.

Market Credit Corporation Is the Secured Party in a Secured