Secure Credit Inc

question 48

Multiple Choice

Secure Credit Inc. holds a security interest in inventory owned by Timber Products Inc. Secure can protect its claim to the inventory in the event Timber uses the inventory for a loan from another creditor by

• A) assignment.
• B) perfection.
• C) redemption.
• D) retention.

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Definitions:

Fungus

A kingdom of eukaryotic organisms that includes yeasts, molds, and mushrooms, which are distinct from plants, animals, and bacteria.

Helminth

Parasitic worms, including flukes, tapeworms, and roundworms, that can cause disease in humans.

Protozoan

A diverse group of single-celled eukaryotic organisms, many of which are parasitic.

Bacterium

A large domain of prokaryotic microorganisms, typically a few micrometers in length, that can exist as single cells or in clusters, and have various roles in the environment, medicine, and industry.