Aksel owns Parkside Caf, which he uses as collateral to borrow $10,000 from First State Bank. To
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Aksel owns Parkside Café, which he uses as collateral to borrow $10,000 from First State Bank. To be effective, the security agreement must include
a. a description that reasonably identifies the collateral only.
b. Aksel’s signature only.
c. a description that reasonably identifies the collateral and Aksel’s signature.
d. none of the above.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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