A security interest:
A) is an interest only in personal property to secure payment or performance of an obligation.
B) is effective against third parties, but not the debtor, when it "attaches."
C) may arise in fixtures under UCC Article 9.
D) in fixtures, even if perfected, will not have priority over a mortgage in the real property to which the goods are attached.
Correct Answer:
Verified
Q44: Which of the following is true?
A) A
Q45: A bond, which guarantees the performance of
Q46: What term is used to describe the
Q47: Under Article 9 of the UCC, a
Q48: "Attachment" occurs when a secured party gives
Q50: Dr. Wells purchased a refrigerator for use
Q51: Automatic perfection means that:
A) no financing statement
Q52: If Regency Services, Inc. wishes to protect
Q53: Upon paying the principal debtor's entire obligation,
Q54: A tangible or electronic record that evidences
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