_____ is a writing or writings which evidence both a monetary obligation and a security interest in, or a lease of, specific goods when a creditor sells the security agreement of his debtor along with his interest in the collateral to a third party.
A) Document
B) Instrument
C) Chattel paper
D) License
Correct Answer:
Verified
Q17: Negotiable instruments can be used as collateral.
Q18: A debtor cannot receive a second discharge
Q19: A guarantor usually makes a promise on
Q20: A _ is one who owes a
Q21: A security interest is said to attach
Q23: Which of the following collaterals include literary
Q24: When a surety pays the creditor upon
Q25: Samantha bought a refrigerator for personal use.
Q26: Which of the following statements is true
Q27: A security interest in negotiable instruments is
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