Which of the Following Are Rules Established by the UCC

question 69

Multiple Choice

Which of the following are rules established by the UCC when determining priority among conflicting claims of creditors?

• A) A secured creditor's interest is equal to an unsecured creditor's interest.
• B) A perfected security interest has priority over a mere interest in the same collateral.
• C) If there are two or more perfected security interest in the same collateral,the last to perfect has priority as it is the most recent interest that has been filed.
• D) All of these are correct.

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Definitions:

Sampling Distribution

The probability distribution of a statistic based on all possible random samples that can be drawn from a population.

Sample Mean

The average of a set of numerical values drawn from a larger population.

Confidence Interval

A spectrum of values obtained from sample statistics, which is probable to encompass the value of an unidentified population parameter.

Population Parameter

A numerical characteristic or feature of an entire population, such as its mean or standard deviation.