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:

Cognitive Learning

A style of learning that emphasizes understanding, organizing, and applying information in context, often involving problem-solving and critical thinking.

Latent Learning

A form of learning that happens without any obvious reinforcement and is not demonstrated until there is an incentive to do so.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of time without exposure to the conditioning stimulus.

Primary Reinforcer

An innately reinforcing stimulus, such as food or water, that satisfies a biological need.