To Secure Financing for a Planned Expansion,JamesCo Electronics Borrowed $400,000

question 146

Multiple Choice

To secure financing for a planned expansion,JamesCo Electronics borrowed $400,000 from King Finance.The______ loan agreement requires that JamesCo Electronics provide the title to their factory as collateral.

• A)minority
• B)secured
• C)recapitalization
• D)pledged

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