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:

Early Life Attachments

The emotional bonds formed by children with their caregivers, influencing personality development and behavior in later life.

Self-actualizing Potential

Refers to an individual's ability to achieve their fullest potential, emphasizing personal growth, self-discovery, and the realization of personal capabilities.

Psychodynamic Heritage

Refers to the theories and therapeutic techniques that are rooted in psychoanalytic principles, emphasizing unconscious processes and early life experiences in shaping personality.

Interpersonal Reconstructive Therapy

A form of psychotherapy that aims to understand and change long-standing patterns of behavior and emotion that are rooted in past relationships.