Question

Hey just need my answers checked again please!

1. The property pledged by the debtor as security for the debt is the
A. surety
B. credit
C. interest
D. collateral

I chose D.

2. The person the agent deals with on behalf of the principal is called the
A. co-agent
B. proprietor
C. servant
D. third party

I chose A.

3. The person who receives the proceeds of insurance is the
A. policy holder
B. beneficiary
C. insurer
D. recipient

I chose B

4. Liability to pay only under certain conditions is _____ liability
A. primary
B. secondary
C. tertiary
D. surety

I chose B.

5. A corporation that is formed in a state other than that in which it operates is said to be a _______ corporation
A. for-profit
B. domestic
C. foreign
D. alien

I chose D.