Question: Suppose Alex borrows $ 1 , 0 0 0 from his friend - Letitia and gives her his laptop computer as security for the loan.

Suppose Alex borrows $1,000 from his friend-Letitia and gives her his laptop computer as security for the loan. Which of the following is true regarding the enforceability of this arrangement?
Multiple Choice
It must be in writing and signed by the debtor to be enforceable.
It must be in writing and signed by the creditor to be enforceable.
It must be in writing and signed by both the creditor and the debtor to be enforceable.
It need not be in writing to be enforceable.
Suppose Alex borrows $ 1 , 0 0 0 from his friend

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