The property that is subject to a security interest is called vested.
Correct Answer:
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Q6: Generally, unsecured parties have priority over secured
Q7: An interest in personal property or fixtures
Q8: UCC _ governs secured transactions in personal
Q9: A description of the collateral does not
Q10: Value is consideration, according to the UCC.
Q12: Perfection of a security interest in a
Q13: A security interest may apply to personal
Q14: A secured transaction is a transaction in
Q15: The UCC defines default as when a
Q16: A bank taking possession of collateral does
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