Best Bank lends $3,000 to Juan to purchase a car and Juan signs a loan agreement granting Best Bank a lien on the car.This is an example of what type of lien?

Question

Quizplus · Accepted Answer

A)A secured interest is a consensual lien: The parties agree to the secured party's
claim to the debtor's property.
B)A secured interest is a consensual lien: The parties agree to the secured party's claim to the debtor's property.
C)A secured interest is a consensual lien: The parties agree to the secured party's claim to the debtor's property.
D)A secured interest is a consensual lien: The parties agree to the secured party's claim to the debtor's property.
E)A secured interest is a consensual lien: The parties agree to the secured party's claim to the debtor's property.

Best Bank Lends $3,000 to Juan to Purchase a Car