Asked by Bailey Ables on Jul 07, 2024
Verified
Which of the following are a type of indispensable paper?
A) Fixtures
B) Documents of title
C) Accounts
D) Fixtures,documents of title,and accounts
E) Fixtures and documents of title,but not accounts
Indispensable Paper
Essential documents or records that are crucial for the verification, operation, or evidence in legal or financial transactions.
Fixtures
Items that are originally personal property but become real property when attached to land or a building in a permanent manner.
Documents of Title
Legal documents that prove ownership of an asset, such as a bill of lading or warehouse receipt.
- Understand the importance and use of chattel paper in secured transactions.
Verified Answer
Learning Objectives
- Understand the importance and use of chattel paper in secured transactions.
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