Multiple Choice
Regarding security devices, in a the item remains the property of the vendor until the debt is paid, whereas in a _ the property is transferred to the buyer and immediately upon default re- transferred to the vendor.
A) assignment; pledge
B) chattel mortgage; pledge
C) conditional sale; chattel mortgage
D) conditional sale; consignment
E) chattel mortgage; conditional sale
Correct Answer:
Verified
Correct Answer:
Verified
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