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Which Statement Is False Regarding Types of Collateral

Question 7

Multiple Choice

Which statement is false regarding types of collateral?


A) Collateral may include indispensable paper such as documents of title.
B) Collateral may include goods such as equipment.
C) Collateral may include farm products.
D) Collateral may include proceeds.
E) Collateral may include intangibles such as chattel paper.

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