Multiple Choice
Marcia buys a $3,000 high-definition plasma television for her home on credit extended by the seller, Better Buy. Better Buy requires Marcia to sign a security agreement. Better Buy has a ________ interest in the television that is automatically perfected at the time of the credit sale.
A) cumulative security
B) future advance monetary
C) default
D) purchase money security
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Security interest is the rate of interest
Q49: Darrel, Smith, Keith, and Aaron are claimants
Q50: Which of the following is considered intangible
Q51: Which article of the Uniform Commercial Code
Q52: Chattel paper is considered tangible personal property.
Q54: Which of the following transactions occurs when
Q55: Perfection by investment of collateral is one
Q56: In a three-party secured transaction, the party
Q57: Intangible personal property cannot be used as
Q58: John buys a new car with the