Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Ch 37-DQ

Ch 37-DQ

Q Name and define the various types of collateral. Explain the requirements for the formation of a suretyship relationship

View Related Questions

Solution Preview

Normally, there are about five basic forms of collaterals like consumer goods, equipment, farm products, inventories as well as property on paper. The consumer goods are certain category of product that is being bought mainly by the mainstream customer like for example automobile, next equipment’s mainly includes different forms of items that are being principally utilized in different modes of trade and commercial activities as well as during administrative functioning (Mann & Roberts, 2019). Third, it is the Farm Products that includes livestock as well as crops.