A written security agreement is not needed when the debtor pledges collateral to the creditor.
Correct Answer:
Verified
Q3: A person who owes money to another
Q4: A chattel mortgage refers to a debt
Q5: A judicial bond is an assurance, generally
Q6: After-acquired property refers to the proceeds received
Q7: A creditor who first files a financing
Q9: A surety is a person who promises
Q10: A financing statement requires the debtor's signature,
Q11: "Perfection" is required before the secured party
Q12: A creditor holding a promissory note with
Q13: If two creditors have a security interest
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