Examlex
Which of the following is a characteristic of a formal report?
Chattel Mortgage
A loan arrangement in which an item of movable personal property acts as security for a loan, with the lender holding an interest in the property until the loan is repaid.
Bill Of Sale
A legal document that transfers ownership of personal property from the seller to the buyer.
Assignment Of Book Debts
The transfer of the right to collect debts owed to a business, usually as security for a loan.
Conditional Sale Agreement
A contract for the sale of goods where the purchase price is paid in installments and the seller retains ownership of the goods until full payment is received.
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