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
    The Property on Which a Security Interest Is Taken Is
Solved

The Property on Which a Security Interest Is Taken Is

Question 8

Question 8

True/False

The property on which a security interest is taken is called collateral.

Correct Answer:

verifed

Verified

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

Related Questions

Q3: Surplus money obtained from a foreclosure sale

Q4: Wesley buys a house for $1,000,000. He

Q5: Melissa owes her bank money for credit

Q6: A legal procedure by which a secured

Q7: In a transaction involving the extension of

Q9: A _ is a written document signed

Q10: The _ Act of 2003 permits consumers

Q11: A court action is necessary for a

Q12: Briefly explain the key features of the

Q13: Tara lost a large sum of money

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