Since Pledged Accounts Receivables Only Serve as Collateral for a Loan

question 84

True/False

Since pledged accounts receivables only serve as collateral for a loan and are not sold, it is not necessary to disclose the pledging.

---

Definitions:

Dutch Republic

A historical state in Europe from the late 16th to the 18th centuries, known for its republican form of government, commercial prosperity, and contributions to the arts and sciences.

Religious Toleration

Acceptance of different religious beliefs and practices without persecution.

Jews

Members of the Jewish community or faith, an ethnoreligious group originating from the Israelites or Hebrews of the ancient Middle East.

Amsterdam

The capital city of the Netherlands, known for its historic canals, rich artistic heritage, and liberal cultural atmosphere.