Reid buys a car from Skye online. To assure that the car is delivered in the condition promised, Reid

A) must trust the seller.
B) can use an escrow company.
C) must file a financing statement.
D) may take possession of different property of the seller as collateral.

Collateral

Collateral offered to secure a loan, subject to seizure upon default.

Escrow Company

A neutral third-party entity that holds assets, including money, property, and documents, on behalf of other parties during the completion of a transaction.

Financing Statement

A document filed to give public notice of a secured transaction, indicating an interest in the assets of a debtor.