Which of the Following Is True

question 78

Multiple Choice

Which of the following is true?

• A) A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to.
• B) Obligations covered by a security agreement may not include future advances.
• C) Encryption of a record cannot serve as a debtor's authentication of a security agreement.
• D) Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise.

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Definitions:

Consensus Approach

A collaborative decision-making process where all group members agree on a specific outcome or decision.

Highly Motivated

Exhibiting a strong drive and commitment towards achieving specific goals or tasks.

Creativity

The act or process of producing new and innovative ideas or things.

Security Need

A fundamental psychological or physiological requirement for safety, stability, and protection from harm or threat.