A Security Interest That Is Effective Against Third Persons as Well

question 43

Multiple Choice

A security interest that is effective against third persons as well as against the buyer is called a:

• A) universal security interest.
• B) prohibitive security interest.
• C) perfected security interest.
• D) protective security interest.

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Definitions:

Distinctive Viewpoints

Unique or particular perspectives and opinions that differ from the mainstream or general consensus.

Economic Regulatory Powers

Authority given to governmental bodies to control financial markets and industries through legislation, with the aim of maintaining economic stability and promoting fair competition.

Free-market Approaches

Economic policies or philosophies that advocate for minimal governmental intervention, promoting a laissez-faire market where supply and demand dictate production, pricing, and investments.

Additional Taxes

Taxes levied in addition to the standard or existing taxes, usually aimed at raising extra revenue for specific purposes.