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12 January, 23:37

The creditor must perfect a security interest in the collateral of the debtor in order to become a secured party.

a. True

b. False

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Answers (1)
  1. 12 January, 23:39
    0
    FalseTo become a secured party, the creditor must gain a security interest in the collateral of the debtor. Guarantee of obligations in a broad sense, are those legal acts aimed at guaranteeing or reinforcing the position of the creditor against a possible default of the debtor.
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