Multiple Choice
Linda borrowed $2,500 from Tonya.They agreed that Tonya could take a grouping of Linda's antiques as collateral.If Linda could not pay,then Tonya could sell the antiques to recover her money.When Linda could not pay off the loan,Tonya sold the antiques and paid Linda the proceeds after deducting the balance of the loan.Which of the following statements is correct?
A) This is an irrevocable agency relationship.
B) This is a power coupled with an interest.
C) Linda has neither the power nor the right to terminate the relationship.
D) All the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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