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Question 338 - CTFA discussion

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_________ is a legal note giving to the lender the right to sell collateral if the borrower defaults on the obligation.

A.
Chattel mortgage
Answers
A.
Chattel mortgage
B.
Lien
Answers
B.
Lien
C.
Collateral note
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C.
Collateral note
D.
Loan application
Answers
D.
Loan application
Suggested answer: C
asked 16/09/2024
Marinus Johannes Klomp
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