Multiple Choice
Donna defaulted on her loan owed to Second State Savings and Loan.The loan was secured with Donna's car.Donna used the car for personal and family reasons.Which statement is correct?
A) Second State may take Donna's car without a court order if this can be done without a breach of the peace.
B) Second State may take Donna's car without a court order even if it means a breach of the peace.
C) Second State may not take Donna's car because it is a consumer good.
D) Second State may not take Donna's car because perfection was automatic.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: A PMSI in consumer goods perfects automatically,without
Q36: Wanderlust gave a security interest in his
Q37: On April 10,Amy agreed to buy a
Q38: Micky,a mechanic,repaired Daphane's Dodge.Daphane failed to pay
Q39: Aubry purchased a washing machine,a freezer,and a
Q40: Bagsby owns a business selling insects for
Q41: Article 9 applies to any transaction intended
Q42: Great State Bank and First Federal Bank
Q44: Wedney,Inc.has a purchase money security interest in
Q45: First Federal loaned Madeline $20,000 to purchase