A Creditor Can Have Their Security Interest Perfected by

question 77

Multiple Choice

A creditor can have their security interest perfected by

• A)having the debtor sign a general security agreement
• B)registering a financing statement under the PPSA
• C)registering a lien with a receiver
• D)giving the debtor notice they will be seizing the assets in which they have a security interest
• E)selling the assets in which they have a security interest

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Definitions:

Price

The financial cost associated with acquiring a good, service, or asset.

Income

Funds obtained regularly from work performed or investments made.

Budget Line

The budget line represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Slope

A measure of the steepness or inclination of a line or curve, indicating the ratio of the vertical change to the horizontal change between two points on the line.