Taft Has Entered into a Security Agreement with Caesar After

question 61

Multiple Choice

Taft has entered into a security agreement with Caesar after Caesar gave him a loan.The collateral in the agreement was Taft's car.The agreement outlined that Taft should use the car in accordance with the law and that it should be fully insured during the 3-year security agreement.Furthermore,if Taft does default,he has 10 days to remedy the default before he has to hand over the car.Which of the following is false?

• A)If Taft is charged with a DUI,he has probably defaulted.
• B)If Taft decides he doesn't need collision insurance,he has probably defaulted.
• C)If Taft defaults he must be given 15 days notice before the car is sold.
• D)If the car is worth more than the loan,Caesar must give the excess to Taft.
• E)If Taft's car breaks down,he has probably defaulted.

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Definitions:

Peritoneal Cavity

An enclosed body space within the abdomen, lined by the peritoneum, containing organs and fluid.

Mesentery

A fold of tissue that attaches organs to the body wall, supplying them with blood vessels and nerves.

Directional Terms

Terms used to describe the location of one body part in relation to another, often used in anatomy and medicine.

Inferior

Pertains to a lower position or location in the body.