With the Exception of Pledges, a Security Agreement Must

question 54

Multiple Choice

With the exception of pledges, a security agreement must:

• A) be in an authenticated record.
• B) contain at least a generic description of the collateral, such as "all my personal property."
• C) be signed by the debtor with his personal, not business, name.
• D) All of these.

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Definitions:

Inductive Compensation

A method of connecting the compensating windings in a universal motor.

Universal Motor

A type of motor that can be operated on AC or DC power.

AC

Alternating Current refers to an electrical current that periodically changes its direction of charge flow.

DC

Direct Current, a type of electrical current where the flow of electric charge is only in one direction.