Which of the Following Is True of Unsecured Credit

question 77

Multiple Choice

Which of the following is true of unsecured credit?

• A) It relies on the debtor's promise to repay the principal.
• B) It is protected by collateral for the repayment of debt.
• C) It has no interest charge on the principal amount.
• D) It is possible to reclaim the amount even if the debtor is judgment proof.

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The individual or entity initiating a communication process by conveying a message to a receiver.

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A parent company that owns and operates popular restaurant chains, known for its commitment to quality dining experiences and customer service.

E-mail

A method of sending messages and files over a computer network, used for personal and professional communication.

Communication Medium

The medium or mechanism utilized for transmitting data or communications among people or entities.