Multiple Choice
Trent is broke and needs cash immediately to pay off a debt he incurred. He visits the local pawn shop and leaves his grandfather's watch in exchange for $100.00 cash. This is an example of what type of loan?
A) Unsecured loan
B) Secured loan
C) Chattle loan
D) UCC loan
Correct Answer:
Verified
Correct Answer:
Verified
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