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:

Subsidies

Financial assistance granted by the government to individuals, organizations, or industries to support business activities and encourage economic growth.

Special Taxes

Levies imposed on specific goods, services, or activities, often with the intention of discouraging usage or generating revenue for targeted purposes, distinct from broad-based taxes like income tax.

Tariff

A tax imposed by a government on imports or exports of goods and services.

Import Quota

A government-imposed limit on the amount or value of goods that can be imported into a country over a specified period of time, usually to protect domestic industries.