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  3. Study Set
    Contemporary Business Law
  4. Exam
    Exam 20: Creation and Transfer of Negotiable Instruments
  5. Question
    A Security That Is Posted for the Repayment of a Promissory
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A Security That Is Posted for the Repayment of a Promissory

Question 23

Question 23

Multiple Choice

A security that is posted for the repayment of a promissory note is known as a(n) ________.


A) collateral
B) mortgage
C) deposit
D) installment

Correct Answer:

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