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    Exam 28: Introduction to Credit and Secured Transactions
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    John Receives Certain Goods from Tom
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John Receives Certain Goods from Tom

Question 8

Question 8

Multiple Choice

John receives certain goods from Tom. He promises to pay John later. This transaction is based on a(n) _____.


A) deed of trust
B) unsecured credit
C) mortgage
D) subrogation

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