A Creditor Who Has No Security Other Than the Debtor's

question 11

Multiple Choice

A creditor who has no security other than the debtor's promise to pay is

• A)a secured creditor.
• B)an preferential creditor.
• C)a preferred creditor.
• D)a general creditor.
• E)a mortgagee.

---

Definitions:

Embroidered

Refers to a cloth that has been decorated with needle and thread or yarn, often featuring intricate designs or patterns.

Reverse Auction

In an e-marketplace, an online auction in which a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other.

E-commerce Marketspaces

Digital platforms or environments where buyers and sellers engage in commerce, trading goods and services online.

Independent Trading Community

A group or platform that allows individuals to trade goods, services, or financial instruments directly without intermediaries.