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In Business / College | 2025-07-03

The document that acts as security for a promissory note is:
A) a general warranty deed.
B) a deed of trust.
C) a conveyance deed.
D) a quitclaim deed.

Asked by nyahgarland705

Answer (2)

The document that acts as security for a promissory note is a deed of trust, which transfers the title of the property to a trustee until the loan is repaid. If the borrower fails to repay, the trustee can sell the property to pay off the lender. Other options listed do not provide such security for loans.
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Answered by Anonymous | 2025-07-04

The document that acts as security for a promissory note is known as a deed of trust . This document ensures the lender has a claim on the property until the debt is paid. Other options like a general warranty deed or quitclaim deed do not serve as legal security for loans. ;

Answered by GinnyAnswer | 2025-07-04

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