A(n) ________ loan is one in which creditors have something of value,usually called ________,which they can ________ if the debtor ________.
A) priority;collateral;sell;defaults
B) unsecured;collateral;sell;dies
C) unsecured;collateral;possess;defaults
D) secured;collateral;possess;defaults
Correct Answer:
Verified
Q20: When two or more parties have unperfected
Q21: A(n)_ occurs when the _.
A)attachment;secured party does
Q22: Iris is looking for a short-term mortgage
Q23: A(n)_ agreement is a written contract which
Q24: An acceleration of the debt:
A)increases the interest
Q26: Which of the following is true of
Q27: A(n)_ provision in the security agreement allows
Q28: A(n)_ is a transfer of an interest
Q29: Under a _,the mortgagor conveys his or
Q30: A point is a one-time charge equal
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