If an Owner Sells You Goods That Have Been Pledged

question 7

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) collateral.
• C) creditor interests.
• D) security interest.
• E) a secured transaction.

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Definitions:

Totals

The sum amounts resulting from the addition of numbers, quantities, or items.

Ratios

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other, often expressed as "a to b" or a:b.

Polling Booth

A private area in a polling station where voters go to mark their ballots during an election, ensuring the confidentiality of their vote.

Ratio

A mathematical expression that compares two numbers or quantities, showing the relative size or amount of one to the other.