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
Q50: The right of a surety who has
Q51: If the debtor is in default and
Q52: Every consensual secured transaction involves:<br>A) a debtor
Q53: Article 9 of the UCC governs financing
Q54: Article 9 of the UCC is flexible,
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Q59: The types of indispensable paper include:<br>A) chattel
Q60: Attachment must occur in order to make