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Which of the Following Statements Is True for Unsecured Credit

Question 30

Multiple Choice

Which of the following statements is true for unsecured credit?


A) Only consumers use unsecured credit for their personal transactions.
B) The creditor may require the debtor to convey to the creditor a lien on the debtor's property.
C) When goods are delivered on unsecured credit, the creditor retains all rights in the goods.
D) The unsecured credit transaction involves maximum risk to the creditor.

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