What Is the Unique Feature of a Purchase-Money Security Interest

question 35

Multiple Choice

What is the unique feature of a purchase-money security interest (PMSI) ?

• A) It is used to grant security in real property.
• B) It gives the secured party priority over existing perfected security interests.
• C) It survives bankruptcy.
• D) It provides a guarantee of payment.

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Definitions:

Fallacy

An error in reasoning that renders an argument invalid or unsound, often due to a misleading or flawed premise.

Proposition

An assertion or declaration that conveys a personal judgment or belief, capable of being either accurate or inaccurate.

Argumentum Ad Decorum

A logical fallacy where one appeals to what is deemed appropriate by social standards rather than presenting a valid argument.

Appeal To Emotion

The fallacy of trying to get someone to accept a proposition on the basis of an emotion one induces.