menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 7
  4. Exam
    Exam 26: Credit, Mortgages, and Debtors Rights
  5. Question
    Credit That Does Not Require Any Collateral to Protect the Payment
Solved

Credit That Does Not Require Any Collateral to Protect the Payment

Question 52

Question 52

Multiple Choice

Credit that does not require any collateral to protect the payment of the debt is referred to as ________.


A) unsecured credit
B) secured credit
C) fair credit
D) equal credit

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: A deficiency judgment protects a mortgagor from

Q48: An improperly recorded document is effective against

Q49: Which of the following federal statutes requires

Q50: Which of the following is true of

Q51: A recording statute gives potential purchasers of

Q53: In a deed of trust, the note

Q54: Creditors that violate the Consumer Leasing Act

Q55: An arrangement in which a third party

Q56: Which of the following is designed put

Q57: A mortgage is a two-party instrument.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines