Tristan Is Looking into Purchasing a New Computer System

question 2

Multiple Choice

Tristan is looking into purchasing a new computer system. Tristan looks at the ____ that comes with his computer to make sure it includes a guarantee about the product.

• A) warranty
• B) support agreement
• C) service agreement
• D) manual

---

Definitions:

Payment

The transfer of money, goods, or services from one party to another as a fulfillment of an obligation.

Possession

The state or fact of owning, having, or controlling something.

Secured Party

A lender, seller, or any other person in whose favor there is a security interest, including a person to whom accounts or chattel paper has been sold.

Collateral

Assets pledged by a borrower to secure a loan or ensure repayment, which can be seized by the lender in the event of default.