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OpenStudy (anonymous):
@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
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OpenStudy (anonymous):
you got the contract ?
OpenStudy (anonymous):
we need to see that
OpenStudy (anonymous):
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.
OpenStudy (anonymous):
without seeing the contract, I would have to guess either B or D
OpenStudy (anonymous):
@kelliegirl33
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OpenStudy (anonymous):
Its B. She put up her car for collateral
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