Jason Is the Creditor in a Transaction with Carol,who Is

question 13

Multiple Choice

Jason is the creditor in a transaction with Carol,who is the debtor.Which of the following requirements is not necessary for Jason to have an enforceable security interest?

• A)The collateral must be in Jason's possession,or there must be a written or authenticated security agreement.
• B)Jason must give value to Carol.
• C)Carol must have rights to the collateral.
• D)The collateral must be tangible.

---

Definitions:

Diastolic

Pertaining to the phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.

OTC Drugs

Medications that can be bought without a prescription, typically for the treatment of minor health problems.

Dietary Supplements

Vitamins, minerals, herbals, and other substances taken by mouth without a prescription to promote health and well-being.

Herbal Remedies

Treatments made from plants, herbs, and their extracts, used in traditional and alternative medicine to prevent or cure health issues.