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1. 2. 3. Match the term with the definition Chattel Paper A. A record that demonstrates a monetary obligation and Indispensable Paper a security interest
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Match the term with the definition Chattel Paper A. A record that demonstrates a monetary obligation and Indispensable Paper a security interest After-acquired property B. Property acquired by the debtor after signing a debt Sale proceeds C. A document in which the right to the value is in the paper and the paper is required in order to access the value D. Money or property received from sale or exchange of collateral Match the definition to the term Collateral A. something pledged as security for repayment of a loan Security interest B. goods that have become so related to particular real property that interest in them arises under real property Fixtures law Accession C. an interest in personal property or fixtures which secures payment or performance of an obligation D. goods that are physically united with other goods in such a manner that the identity of the original goods is lost A lender is lending money in exchange for the title to real estate. What is that agreement called? a. Mortgage b. Mechanic's lien c. Surety d. GuaranteeStep by Step Solution
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