Multiple Choice
What is the definition of default?
A) According to the UCC a debtor must be late on 3 consecutive payments and not remedy within 90 days.
B) The parties define default in the security agreement.
C) The debtor failing to maintain insurance/
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Spicy & Hot,Inc.is interested in expanding its
Q3: Which of the following is true about
Q7: Wedney,Inc.sold a meat processing machine to Yoro
Q8: What must be done when a debtor
Q8: The initial term for which a financing
Q11: Explain the difference between attachment and perfection.
Q32: Fowler Bros.has applied to Gibralter Bank for
Q33: For a security interest to attach,there must
Q35: To perfect a security interest in a
Q43: Donna defaulted on her loan owed to