Forever Yours,Inc

question 29

Multiple Choice

Forever Yours,Inc.has a secured and perfected security interest in Sally's big-screen TV.On the filing date of Sally's Chapter 7 petition,the balance of the debt owed to Forever Yours is $2,000.The value of the TV is estimated at $1,500.This means that Forever Yours

• A)is secured for the entire debt,$2,000.
• B)is unsecured for $500,the excess of the debt over the value of the TV.
• C)has a high priority claim of $500.This means that Forever Yours,Inc.will be allowed $500 worth of other unsecured property before other unsecured creditors get anything.
• D)is unsecured for the entire debt.

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Definitions:

Observing Models

A learning process where individuals acquire new behaviors, skills, or attitudes by watching others perform them.

Same-sex Parent

A parent who identifies as having a homosexual orientation, raising children in a family structure with another parent of the same sex.

Gender Awareness

The understanding and acknowledgment of the differences in gender and the social roles associated with them.

Gender Constancy

Awareness that one will always be male or female; also called sex-category constancy.