Multiple Choice
Matt loaned money to Josh and received a signed security agreement from Josh.To make sure he has priority as a creditor,Matt could
A) give the security agreement to his attorney.
B) do nothing-the date of signing gives Matt priority.
C) file the security agreement in a security deposit box.
D) take possession of the collateral.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Only businesses are able to file for
Q21: An automatic stay halts all creditors' collection
Q22: A creditor with an interest in real
Q23: A petition for bankruptcy that is filed
Q24: Describe the role of a trustee in
Q26: Becky wants to buy a car but
Q27: Debtors may be allowed to keep certain
Q28: A _ has the legal power to
Q29: Which of the following is a debt
Q30: A Chapter 11 debtor may use bankruptcy