A promissory note and a security agreement
A)
must go together on any consumer loan.
B)
are actually the same thing one is used with a credit card while the other applies to a cash loan.
C)
are different the promissory note shows details of the loan while the security agreement gives the creditor an interest in the collateral supporting the loan.
D)
are part of the loan agreement the borrower gives a promissory note and in return receives a security.
C
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