Multiple Choice
Which of the following statements is true regarding accounts receivable?
A) It is evidenced by a chattel paper or an instrument.
B) It falls under the category of intangible collaterals.
C) In the context of defining collateral, accounts receivable is used as a catchall phase for interests not otherwise covered unless they are specifically excluded.
D) It includes stocks, bonds and other investment securities.
Correct Answer:
Verified
Correct Answer:
Verified
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