Fern TV Sells Ryan a 52" Plasma Television

question 469

Multiple Choice

Fern TV sells Ryan a 52" plasma television. Ryan does not have the cash necessary to buy the TV, so Fern allows him to make 12 monthly payments. If Ryan misses any payments, Fern may take the TV back. Fern:

• A) is an unsecured creditor
• B) has a security interest
• C) is a perfected debtor
• D) is an unsecured creditor with a perfected interest
• E) none of the other choices

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Definitions:

Jejunum

The middle section of the small intestine in humans and most higher vertebrates, responsible for the absorption of nutrients.

Dentin

The hard, dense, bony tissue forming the bulk of a tooth beneath the enamel.

Nerves

Bundles of fibers that transmit sensory and motor information throughout the body.

Parietal Cells

Cells located in the lining of the stomach that secrete hydrochloric acid and intrinsic factor, essential for digestion and vitamin B12 absorption, respectively.