Because the Rights and Remedies of Secured Parties Under Article

question 46

Multiple Choice

Because the rights and remedies of secured parties under Article 9 are cumulative, if a secured creditor is unsuccessful in enforcing rights by one method, the creditor

• A)must notify any other secured party with an interest in the collateral.
• B)is required to renounce or modify the creditor's other rights.
• C)can pursue another method.
• D)is forced to forego collection of the debt.

Understand the significance of product assortment variety in meeting customer needs.

Recognize the impact of service levels on customer shopping experience.

Analyze the strategies retailers use to differentiate themselves in a competitive market.

Understand the concept and variety of retail formats, including hypermarkets, specialty stores, and category killers.