Question: 2 0 . A business borrows $ 1 0 0 , 0 0 0 from a loan company. If the business defaults on the loan,

20 .

A business borrows $

100, 000

from a loan company. If the business defaults on the loan, the loan company is permitted to take ownership of the land on which the business is built. This arrangement is an example of a

(

)

.

Secured Transaction b

.

Rejoinder

.

-

Contract

.

Bill of Lading

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