As a senior associate in the transactional department of your firm, you handle all the perfection questions that come up. This week your colleagues have dropped by with questions about collateral in deals they are doing. What type of questions are your colleagues asking about collateral in deals?
1) Questions about the legal requirements for collateral in deals
2) Questions about the types of collateral that can be used in deals
3) Questions about the process of perfecting collateral in deals
4) Questions about the risks associated with collateral in deals