Resource Investment Company and MegaBank Are Secured Parties with Security

question 37

Multiple Choice

Resource Investment Company and MegaBank are secured parties with security interests in property owned by LNG Gas Corporation. Between these security interests, the first to be filed or perfected has priority over other filed or perfected security interests in​

• A) ​most circumstances.
• B) ​no circumstances.
• C) ​states that have not adopted Article 9 of the UCC.
• D) ​states that require a security agreement to be signed and dated by the creditor.

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Definitions:

Motivation

The procedure that begins, directs, and upholds actions focused on reaching objectives.

Homeostasis

The process by which biological systems maintain stability and equilibrium within their internal environment despite changes in their external environment.

Biological Conditions

Physical states that affect the function and behavior of organisms, often relating to health and disease states.

Drive Reduction Theory

A motivational theory that argues the primary goal of all behavior is the reduction of drives, which are basic bodily needs.