Which of the Following Is True

question 28

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) 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.
• D) Encryption of a record cannot serve as a debtor's authentication of a security agreement.

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Definitions:

High-Performing Teams

Groups of individuals working collaboratively who achieve superior results and exceed expectations in achieving their goals.

Collaborative Climate

An organizational atmosphere that promotes teamwork, mutual respect, and the sharing of ideas and resources to achieve common goals.

Principled Leadership

Leadership based on established values and ethical standards, focusing on integrity and the ethical treatment of others.

Team Building

The process of creating stronger and more cohesive working groups through various activities and initiatives.