A Creditor Who Extends Credit for the Purchase of a Consumer

question 100

True/False

A creditor who extends credit for the purchase of a consumer good under a written security agreement does not have to file a financing statement or take possession of the goods to perfect security interest.

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Definitions:

George Sperling

A psychologist known for his research on the capacity of visual memory and the temporal duration of visual sensory memory.

Hermann Ebbinghaus

A psychologist best known for his research on memory, the forgetting curve, and the spacing effect.

Richard Atkinson

A psychologist who, along with Richard Shiffrin, proposed the multi-store model of memory, which includes sensory memory, short-term memory, and long-term memory.

Trace Memory

A type of memory that results from automatic or unconscious learning and is not part of our conscious awareness, often revealed through performance rather than explicit recall.