Multiple Choice
________ is an interest a creditor automatically obtains when he or she extends credit to a consumer to purchase consumer goods.
A) Purchase money security interest
B) Cumulative security interest
C) Future advance monetary interest
D) Default interest
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: Kelly borrows $12,000 from Terry Oswald to
Q12: A(n) _ is a situation in which
Q30: A creditor who has the only secured
Q41: To be valid, a security agreement must
Q42: What is repossession?<br>A)a right granted to the
Q43: The term _ refers to a secured
Q45: Outline the priority of claims.
Q49: Which of the following is true of
Q50: _ permits a secured lender to recover
Q51: When a buyer obtains a loan from