Which of the Following Categories of Collateral Is Used as a Catchall

question 54

Multiple Choice

Which of the following categories of collateral is used as a catchall phase for interests not otherwise covered unless they are specifically excluded?

• A) Goods
• B) Instruments
• C) Accounts receivables
• D) General intangibles

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Definitions:

Small Claims Court

A court that handles minor legal disputes and civil cases involving small amounts of money, typically providing a simpler, faster legal process.

Domestic Relations Court

A court that specializes in cases involving family matters, such as divorce, custody, and adoption.

Court Deadlines

Specific dates by which certain actions must be taken or documents must be submitted to the court.

Flexible

Capable of being easily modified to respond to altered circumstances or conditions.