If an Owner Sells You Goods That Have Been Pledged

question 25

Multiple Choice

If an owner sells you goods that have been pledged as security for a loan,the claim against those goods is known as

• A)a contract pledge.
• B)a secured transaction.
• C)security interest.
• D)creditor interests.
• E)collateral.

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Definitions:

Trusting Relationship

A relationship characterized by confidence, reliance, and faith between parties, often leading to enhanced communication and cooperation.

Prescriptive

Providing recommendations or rules about what should be done, often based on norms, standards, or theories.

Theoretical Approach

pertains to a conceptual framework or system of ideas that is used to explain a phenomenon or guide research and practice.

Authentic Leadership

A leadership style in which the leader is genuine and transparent with followers, encouraging openness and integrity.