A(n) ______ is a transaction in which the payment of a debt is guaranteed by personal property owned by the debtor.
A) Approved transfer
B) Approved guarantee
C) Secured transaction
D) Effected transaction
E) Guaranteed debt
Correct Answer:
Verified
Q1: According to the UCC,value is consideration.
Q2: When perfection by possession occurs, the parties
Q3: To become a secured party,the creditor must
Q6: Which of the following is an interest
Q7: Under the UCC,a buyer in the ordinary
Q8: A _ is a person or party
Q12: Perfection of a security interest in a
Q13: A security interest may apply to personal
Q33: Which of the following is true regarding
Q37: Which of the following is the agreement
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