Multiple Choice
Which of the following is true?
A) A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to.
B) Obligations covered by a security agreement may not include future advances.
C) Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise.
D) Encryption of a record cannot serve as a debtor's authentication of a security agreement.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Diane, who is seventeen years old, purchased
Q24: What term is used to describe the
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Q26: Steve defaults on a car loan secured
Q27: A field warehouse, under Article 9 of
Q29: Payment of the debt or performance of
Q30: The surety does not have the right
Q31: A creditor will have to exhaust all
Q32: The creditor's rights against the principal debtor
Q33: What party(ies) is\are involved in a suretyship