Sarah,a Public Servant,gave a Security Interest to Her Brother Peter

question 3

Multiple Choice

Sarah,a public servant,gave a security interest to her brother Peter in all her assets to secure her obligation to repay a loan from Peter.Peter filed a financing statement to register his interest.Subsequently,Joan bought some furniture from Sarah.Joan had no knowledge of Peter's security interest.Which of the following statements best describes Joan's legal position?

• A)Joan's interest in the furniture is subject to Peter's security interest.
• B)Joan's bought the furniture free of Peter's security interest because Sarah is not in the business of selling furniture.
• C)Joan bought the furniture free of Peter's security interest because security interests of close family relatives are not enforceable against third parties.
• D)Joan bought the furniture free of Peter's security interest because she had no notice of it.
• E)Joan is obliged to give the furniture to Peter.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for the inherent satisfaction or pleasure derived from the activity itself, rather than for some external reward.

Performance

The act of executing a task or function, often measured against pre-set standards of accuracy, completeness, and speed.

Mundane Tasks

Routine, ordinary, or dull tasks that are part of daily work but are necessary for the operation or maintenance of a system or organization.

Intrinsic Motivation

Refers to motivation driven by an interest or enjoyment in the task itself, rather than dependent on external factors like rewards.