Which of the Following Statements Is True for Unsecured Credit

question 30

Multiple Choice

Which of the following statements is true for unsecured credit?

• A) Only consumers use unsecured credit for their personal transactions.
• B) The creditor may require the debtor to convey to the creditor a lien on the debtor's property.
• C) When goods are delivered on unsecured credit, the creditor retains all rights in the goods.
• D) The unsecured credit transaction involves maximum risk to the creditor.

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Definitions:

Narcissistic Personality Disorder

A mental disorder characterized by a long-term pattern of exaggerated self-importance, the need for admiration, and a lack of empathy for others.

Grandiosity

An exaggerated sense of one's importance, power, or abilities, often present in psychiatric conditions.

Self-importance

The overemphasis on one's own worth, abilities, or significance often at the expense of consideration for others or reality.

Antisocial Personality Disorder

A mental health disorder characterized by a long-term pattern of disregarding or violating the rights of others.