Examlex
Which of the following statements is not True?
Unsecured Credit
A type of credit that is not backed by collateral, meaning the lender relies on the borrower's creditworthiness rather than security in case of default.
Unsecured Credit
A type of credit not backed by collateral, where the lender relies on the borrower's creditworthiness rather than securing assets.
Goods
Items or merchandise that are manufactured or produced for sale.
Chattel Mortgage
A loan agreement where personal movable property is used as collateral for the loan, and the borrower retains possession of the property while repaying the loan.
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