A Contract in Which a Business Selling an Asset on Credit

question 44

Multiple Choice

A contract in which a business selling an asset on credit gets a security interest in that asset (the collateral) , protecting its legal rights in case the buyer fails to pay, is a ________.

• A)lockbox
• B)classic collection blunder
• C)way to protect the buyer
• D)security agreement

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Definitions:

Relational Aggression

A form of social aggression where harm is caused through manipulation or damage to relationships.

Social Rejection

The act or experience of being deliberately excluded or disregarded by others within a social context or group.

Generous

Showing a readiness to give more of something, such as money or time, than is strictly necessary or expected.

Child Neglect

Failure to meet a child’s basic physical, educational, or emotional needs.