A Purchase-Money Security Interest Is Formed ________

question 52

Multiple Choice

A purchase-money security interest is formed ________

• A) when a debtor uses a credit card to buy collateral
• B) when a bank attaches a debtor's account to the collateral
• C) when a second debtor buys the collateral
• D) when a debtor uses borrowed money from the secured party to buy the collateral.
• E) when parties stipulate in a contract that they want a purchase-money security interest

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Definitions:

Atomic Bomb

A weapon of mass destruction that releases energy through nuclear reactions, either fission or a combination of fission and fusion.

Technological Research

The systematic investigation and study of materials, sources, and systems to develop new technologies or enhance existing ones for societal benefit.

Military Considerations

Factors or aspects related to the armed forces and defense strategies that influence decisions, planning, and policies.

Profit Making

Refers to the process of generating financial gain or earnings from business activities or investments.