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    Dynamic Business Law Study Set 2
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    Exam 18: Holder in Due Course, Liability, and Defenses
  5. Question
    Transfer of Collateral to a Secured Party for the Purpose
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Transfer of Collateral to a Secured Party for the Purpose

Question 17

Question 17

Multiple Choice

Transfer of collateral to a secured party for the purpose of perfection is called a[n] _____________.


A) Allegiant.
B) Pledge.
C) Transfer.
D) Allonge.
E) Release.

Correct Answer:

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