Multiple Choice
A(n) ________ loan is one in which creditors have something of value,usually called ________,which they can ________ if the debtor ________.
A) priority;collateral;sell;defaults
B) unsecured;collateral;sell;dies
C) unsecured;collateral;possess;defaults
D) secured;collateral;possess;defaults
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Carol borrows $50,000 to purchase seven industrial
Q22: Only real property can be used to
Q23: The right to equity of redemption:<br>A)is the
Q24: Charles sold a house to Darla with
Q25: Rae's mortgage payment check is received a
Q27: Daly and Leva entered into an agreement
Q28: A(n)_ occurs when the _.<br>A)attachment;secured party does
Q29: Which of the following is true of
Q30: A purchase money security interest (PMSI)in consumer
Q31: To be effective,a security interest must be