When a borrower pledges certain properties of value as a guarantee that she will pay the debt

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When a borrower pledges certain properties of value as a guarantee that she will pay the debt back, the creditor is called a _____ party.

a. Lender

b. Secured

c. Collateral

d. Indebted

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The Legal Environment Of Business A Managerial Approach Theory To Practice

ISBN: 9781259686207

3rd Edition

Authors: Sean P Melvin; F E Guerra-Pujol

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Question Posted: Apr 05, 2024 11:00 PM

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When a borrower pledges certain properties of value as a guarantee that she will pay the debt

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b Under Article 9 of the UCC pledging property of value cre...View the full answer

The Legal Environment Of Business A Managerial Approach Theory To Practice

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