Multiple Choice
Automatic perfection would occur in which situation (assuming a written security agreement) ?
A) Mandi buys a refrigerator for her apartment on credit.
B) Glenn buys a computer for his office on credit.
C) Hank buys a computer for his office by borrowing the money for the purchase.
D) Cicely buys inventory for her home-based sewing business.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: In which of the following situations would
Q32: Inventory includes:<br>A) goods held for sale or
Q33: First Bank loaned $100,000 to Marlin's Store
Q34: The same item may be classified as
Q35: If Sharpe Finance Co.has a secured interest
Q37: Dr.Wells purchased a refrigerator for use in
Q38: Bella is considering the possibility of becoming
Q39: Revised Article 9 removes the requirement of
Q40: Article 9 applies to secured transactions in
Q41: UCC Article 9 applies to secured transactions