Which of the Following Characteristics Should Collateral Have

question 44

Multiple Choice

Which of the following characteristics should collateral have?

• A)The value of the collateral should not exceed the value of the loan.
• B)The collateral should be highly liquid.
• C)The lender must be able to perfect a lien on the collateral.
• D)a.and b.only.
• E)b.and c.only.

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