A Pledge Is a Promise by a Debtor to Take

question 75

True/False

A pledge is a promise by a debtor to take reasonable care of the collateral.

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Definitions:

QuickBooks

An accounting software package developed and marketed by Intuit, designed for small and medium-sized businesses.

Compressed File

A file that has been reduced in size through compression algorithms, facilitating easier storage and transfer.

Data File

A digital file that stores data to be used by a computer application or system.

QuickBooks

Accounting software that provides tools for managing invoices, expenses, employees, and reports for small to medium businesses.