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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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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