With the Exception of Pledges, a Security Agreement Must

question 69

Multiple Choice

With the exception of pledges, a security agreement must:

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

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Definitions:

Immigrant

A person who comes to live permanently in a foreign country.

Legal Remedy

The means by which a court enforces a right, imposes a penalty, or makes another court order to impose its will.

Limited Warranty

A warranty that does not meet all of the requirements of a full warranty.

Full Warranty

A warranty under which a defective product will be repaired or replaced without charge.