John receives certain goods from Tom.He promises to pay Tom later.This transaction is based on a(n)________.
A)deed of trust
B)unsecured credit
C)mortgage
D)subrogation

Question

Quizplus · Accepted Answer

Many common transactions are based on unsecured credit.For example,a retailer buys merchandise or a manufacturer buys raw materials,promising to pay for the merchandise or materials within 30 days after receipt.

John Receives Certain Goods from Tom