The payment of Florida's debt to Guillermo is guaranteed by Florida's personal property.Guillermo is

Question

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A secured party is someone who has a security interest in the debtor's property, which means they have the right to take possession of the property if the debt is not paid. In this scenario, Guillermo has a security interest in Florida's personal property, making him a secured party. The other options do not accurately describe Guillermo's role in this situation.

The Payment of Florida's Debt to Guillermo Is Guaranteed by Florida's