The Payment of Brian's Debt to Chuck Is Guaranteed by Brian's

question 67

Multiple Choice

The payment of Brian's debt to Chuck is guaranteed by Brian's personal property. This is

• A) a reorganization.
• B) a secured transaction.
• C) a suretyship agreement.
• D) a violation of most state laws.

---

Definitions:

Bookstore

A retail establishment that primarily sells books, often offering a range of genres, including academic, recreational, and professional titles.

Supply Chain Assets

Resources and capabilities that a company manages across its supply chain, including inventory, facilities, equipment, and information systems, to support effective supply chain operations.

Bulk Sales

Transactions involving large quantities of goods, typically sold at a discount, to businesses rather than individuals.

Small Customers

Individuals or businesses that purchase goods or services in lower volumes compared to larger corporate customers.