The Property Subject to a Security Interest Is Called

question 6

Multiple Choice

The property subject to a security interest is called

• A)a fixture.
• B)collateral.
• C)consideration.
• D)an account.

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Definitions:

Electronic Evidence

Information or data stored in digital form that is used as proof in legal proceedings.

Settlement

An agreement reached between parties in a lawsuit, resolving the dispute without further litigation.

Prevailing Party

The party in a legal proceeding that successfully obtains a judgment in their favor or achieves a favorable settlement.

Appeal

The process of seeking a higher court's review of a lower court's decision in hopes of reversing or modifying the judgment.