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Entrepreneur LLC Owes Sole Saver Auto Dealership $2,000

Question 3

Multiple Choice

Entrepreneur LLC owes Sole Saver Auto Dealership $2,000. Entrepreneur executes a note to Sole Saver as security for the debt. This security​


A) ​does not constitute sufficient consideration for HDC status.
B) ​does not satisfy the value requirement for HDC status.
C) ​satisfies the consideration requirement for HDC status.
D) ​satisfies the value requirement for HDC status.

Correct Answer:

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