@kelliegirl33 @Anonymous. @Euler271

Jordan signed a finance agreement for her recent purchase. What is the collateral for her loan? (To view the contract, click here.)

A. $5500
B. 2000 Honda Accord
C. No collateral
D. A deed of trust

Question

@kelliegirl33 @Anonymous. @Euler271 

Jordan signed a finance agreement for her recent purchase. What is the collateral for her loan? (To view the contract, click here.)

 		A.	$5500
 		B.	2000 Honda Accord
 		C.	No collateral
 		D.	A deed of trust

anonymous · Answer

you got the contract ?

anonymous · Answer

we need to see that

anonymous · Answer

collateral is what you put down and if you don't pay back the loan, whoever you got the loan from can take your collateral.

anonymous · Answer

without seeing the contract, I would have to guess either B or D

anonymous · Answer

@kelliegirl33

anonymous · Answer

Its B. She put up her car for collateral