How Are Assets Used as Security Generally Classified with Respect

question 68

Multiple Choice

How are assets used as security generally classified with respect to a general security agreement?

• A) as a real property mortgage over the business's assets
• B) as an assignment of the business's accounts receivable
• C) in terms of the degree of control the lender will acquire upon default
• D) in terms of whether they are meant to be retained in the debtor's business

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