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Author Question: Which of the following is true of a collateral note? A) The collateral cannot consist of stocks or ... (Read 42 times)

lunatika

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on: Jun 24, 2018
Which of the following is true of a collateral note?
 A) The collateral cannot consist of stocks or bonds.
 B) It is a note secured by a third person's guarantee.
 C) It is a note secured by personal property.
 D)The collateral cannot consist of some tangible personal property.

Question 2

A bill of lading will be negotiable if its terms are that the goods are to be delivered to bearer or to the order of a named person.
  Indicate whether the statement is true or false


kingdude89

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


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