All of the Following Are Elements of a Security Agreement

question 25

Multiple Choice

All of the following are elements of a security agreement except: ______.

• A) identification of the parties involved.
• B) a reasonable description of the collateral.
• C) demonstration that the parties intended for the creditor intends to have a security interest.
• D) statement of the amount of the debt.

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Definitions:

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining terms of employment, wages, and workplace policies and procedures.

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The practice of making one's living by engaging in trade, services, and goods, often structured as companies or enterprises.

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The beliefs and feelings that individuals have about their job and work environment.

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A questionnaire or study aimed at gathering opinions or information regarding labor unions and their impact or representation.