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Which of the following is a characteristic of an unsecured debt: A. The loan is governed by the law of contract. O B. The financing

Which of the following is a characteristic of an unsecured debt: A. The loan is governed by the law of contract. O B. The financing arrangements are formal and deliberate. C. The lender has a property interest in the debtor's assets. OD. The lender has possession of the collateral

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