An Unsecured Loan Requires

question 126

Multiple Choice

An unsecured loan requires

• A)a cosigner and collateral.
• B)collateral and a lien.
• C)a cosigner and a lien.
• D)none of these.

---

Definitions:

Non-Manual Signatures

Signatures that do not involve a handwritten mark, including electronic signatures and other forms of verification.

Contractually Shift

Refers to the process of moving responsibilities, rights, or liabilities from one party to another through the terms of a contract.

Certifies A Check

A bank's confirmation that there are sufficient funds in the issuer's account to cover the check, guaranteeing payment to the bearer.

Reserved Funds

money set aside for specific purposes or emergencies, ensuring financial stability or fulfilling certain conditions.