A Secured Transaction Is a Transaction in ________

question 32

Multiple Choice

A secured transaction is a transaction in ________.

• A) which the payment of a debt is guaranteed by personal property owned by the debtor
• B) which the payment of a loan is made to a bank
• C) which a guarantor gives collateral for any transaction
• D) which a bank receives property as collateral
• E) which two parties agree to a loan