Post Utme Babcock University 2024 Commerce Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice
Question 27 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A company issues a promissory note to a bank as collateral for a loan. What type of security is this?

Answer Options

A. Mortgage
B. Charge
Correct Answer C. Hypothecation
D. Pledge
Correct Answer
C
Correct Option:
Hypothecation

About This Question

This is Post Utme Babcock University 2024 Commerce Question 27. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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