Multiple Choice
What must be done when a debtor pays off the debt secured by a security interest in goods?
A) nothing must be done.
B) the collateral must be sold
C) a termination statement must be filed by the creditor.
D) the original note must be returned to the debtor.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Spicy & Hot,Inc.is interested in expanding its
Q2: Which of the following may not be
Q3: Which of the following is true about
Q5: What is the definition of default?<br>A) According
Q7: Wedney,Inc.sold a meat processing machine to Yoro
Q8: The initial term for which a financing
Q11: Explain the difference between attachment and perfection.
Q13: First Federal had a perfected security interest
Q33: For a security interest to attach,there must
Q43: Donna defaulted on her loan owed to