Multiple Choice
Which of the following is true of unsecured credit?
A) It relies on the debtor's promise to repay the principal.
B) It is protected by collateral for the repayment of debt.
C) It has no interest charge on the principal amount.
D) It is possible to reclaim the amount even if the debtor is judgment proof.
Correct Answer:
Verified
Correct Answer:
Verified
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