In Which of the Following Is a Chattel Given as Security

question 39

Multiple Choice

In which of the following is a chattel given as security by a debtor to a creditor?

• A) A business person assigns his business inventory to the bank where he borrowed $25,000
• B) A musician takes his guitar to a consignment shop
• C) A business person borrows $25,000 from the bank and signs a personal guarantee
• D) A musician pawns his electric guitar

---

Definitions:

Shewhart

Walter A. Shewhart, known for his work in statistical process control and the development of the control chart.

Planning Process

A systematic approach to setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.

Mathematical Interpretation

The process of understanding and applying mathematical concepts and symbols to solve problems or represent real-world scenarios.

Digested Food

Nutrients that have been broken down by enzymatic action into forms that can be absorbed by the body.