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.

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Definitions:

Planning Process

Involves setting objectives and determining the most effective course of action to achieve those objectives within a business or project.

BCG Matrix

A strategic business tool developed by the Boston Consulting Group to help organizations allocate resources among different business units based on market growth rate and market share.

Market Share

The percentage of an industry's sales that a particular company controls.

Significant Resources

Significant resources refer to substantial or important assets, financial or otherwise, that are available for use by individuals, organizations, or nations.