Trent is broke and needs cash immediately to pay off a debt he incurred. He visits the local pawn shop and leaves his grandfather’s watch in exchange for $100.00 cash. This is an example of what type of loan?   Multiple Choice Unsecured loan Chattle loan UCC loan Secured loan   The Environmental Defense Fund, an environmental watchdog group, files a lawsuit to prevent future open-pit coal mining in West Virginia. This type of lawsuit is known as a   Multiple Choice wrongful-damage suit. negligence suit. citizen suit. nuisance suit.   All of the following may be used as collateral for a secured transaction except   Multiple Choice Future profits of a business A promissory note A patent Seeds and crops

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