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:

Garbage In

A term used to describe poor quality or incorrect data input into a system, which typically leads to unreliable output or decisions.

Programmed Decision Making

Refers to decision-making processes that are routine and established, often automated or guided by fixed policies and rules.

Programmed Decision Making

Decision-making techniques that are routine or automated, used for dealing with common, predictable problems.

Ill-structured Problem

A problem lacking a clear goal, solution path, or expected solution, making it difficult to solve using conventional methods.