An interest in personal property or fixtures that secures payment or performance of an obligation is ________.
A) An approved interest.
B) A secured interest.
C) A secured transaction.
D) A debt transaction.
E) A security agreement.
Correct Answer:
Verified
Q2: When perfection by possession occurs, the parties
Q3: The party that perfects its interest in
Q4: When a debtor uses collateral to secure
Q5: A buyer in the ordinary course of
Q6: Generally, unsecured parties have priority over secured
Q8: UCC _ governs secured transactions in personal
Q9: A description of the collateral does not
Q10: Value is consideration, according to the UCC.
Q11: The property that is subject to a
Q12: Perfection of a security interest in a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents