Transfer of Collateral to a Secured Party for the Purpose

question 17

Multiple Choice

Transfer of collateral to a secured party for the purpose of perfection is called a[n] _____________.

• A) Allegiant.
• B) Pledge.
• C) Transfer.
• D) Allonge.
• E) Release.

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Definitions:

Syllogisms

Logical arguments that apply deductive reasoning to arrive at a conclusion based on two or more premises that are asserted to be true.

Minor Term

In syllogistic logic, the term that appears in the conclusion and is the subject of the minor premise.

Major Term

In logic, specifically in a syllogism, the major term is the predicate of the conclusion.

Distributed

Pertains to systems that spread functions, processes, or data across multiple locations or computing devices.