menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 23: Credit and Secured Transactions
  5. Question
    Secured Credit Refers to Credit Where There Is a Second
Solved

Secured Credit Refers to Credit Where There Is a Second

Question 130

Question 130

True/False

Secured credit refers to credit where there is a second party to pay the debt in the event that the original debtor does not.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q125: To obtain a writ of attachment,a creditor

Q126: A surety is secondarily liable for paying

Q127: The purpose of a mechanic's lien is

Q128: A purchase money security interest takes priority

Q129: A mortgagor is obligated to pay the

Q131: Prima Company goes to Urban Bank and

Q132: In a guaranty arrangement,the guarantor is primarily

Q133: Which of the following will have the

Q134: Which of the following is true about

Q135: _ personal property includes equipment,vehicles,furniture,computers,clothing and jewelry,while

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines