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Tasya [4]
4 years ago
7

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

Business
1 answer:
icang [17]4 years ago
6 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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