Which of the Following Statements Is True for Unsecured Credit

question 30

Multiple Choice

Which of the following statements is true for unsecured credit?

• A) Only consumers use unsecured credit for their personal transactions.
• B) The creditor may require the debtor to convey to the creditor a lien on the debtor's property.
• C) When goods are delivered on unsecured credit, the creditor retains all rights in the goods.
• D) The unsecured credit transaction involves maximum risk to the creditor.

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Definitions:

Size Constancy

A perceptual phenomenon where the perceived size of an object remains constant despite changes in the size of the object's image on the retina.

Naval Deployment

This is the organized dispatch of armed naval forces for military or strategic purposes, often related to national security.

Motion Parallax

A depth cue in which objects closer to the observer move faster across the visual field than objects further away.

Monocular Depth Cue

Visual information that allows for the perception of depth and distance using one eye only.