Solved

Which of the Following Elements Must Exist for There to Be

Question 37

Multiple Choice

Which of the following elements must exist for there to be a valid,enforceable security agreement?


A) a written security agreement
B) the creditor must give value to the debtor
C) the debtor must have an interest in the collateral
D) A,B,and C
E) B and C only

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: Under no circumstance may a secured creditor

Q33: Which of the following is true?<br>A) The

Q34: Sam went to Stable National Bank,borrowed $1,000,and

Q35: The secured party in a secured transaction

Q36: When filing is required to perfect a

Q38: Once a secured consumer debt is paid,the

Q39: When the creditor repossesses the collateral,the creditor

Q40: JKL,Inc.operates a retail appliance store.JKL borrows $100,000

Q41: A security interest can be perfected merely

Q42: Fourthbank lent $50,000 to Mary,and took a