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Describe a creditor's method for protecting its rights. When might a borrower and creditor make use of that method? Compare and contrast secured and unsecured

Describe a creditor's method for protecting its rights. When might a borrower and creditor make use of that method?

Compare and contrast secured and unsecured financing. Why might a borrower choose one or the other? Why might the creditor?

Reference: Goldman, A.J.,Sigimond, W.D. (2014). Business Law Principles and Practice. Cengage Learning, Chapter 36 Protecting the Creditor

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