Asked by ZnonEmpire candy on May 12, 2024
Verified
________ is a writing that demonstrates a right to payment of money.
A) Chattel paper
B) Transactional paper
C) An allonge
D) An instrument
E) An addendum
Chattel Paper
A document or electronic record that evidences both a monetary obligation and a security interest in specific goods.
Right to Payment
A legal entitlement to receive money as a result of a contract or legal agreement.
- Gain insight into how bankruptcy influences the positions of secured and unsecured creditors and the financial state of the debtor's estate.
Verified Answer
JH
Jinan HoujeijMay 13, 2024
Final Answer :
D
Explanation :
An instrument is a writing that demonstrates a right to payment of money.
Learning Objectives
- Gain insight into how bankruptcy influences the positions of secured and unsecured creditors and the financial state of the debtor's estate.
Related questions
Which of the Following Is True Regarding the Uniform Commercial ...
If a Purchase Money Security Interest (PMSI)is in Inventory,the Perfected ...
If a Debtor Defaults,what Type of Court Order Does the ...
Once a Voluntary Liquidation Proceeding Under Chapter 7 Is Filed,the ...
If a Buyer Purchases Chattel Paper or an Instrument in ...