A Typewriter,which Was Subject to a Prior UCC Security Interest,was

question 90

Multiple Choice

A typewriter,which was subject to a prior UCC security interest,was delivered to Ed Fogel for repair.Fogel,who is engaged in the business of repairing typewriters,repaired the typewriter.However,the owner of the typewriter now refuses to pay for the services performed by Fogel.The state in which Fogel operates his business has a statute,which gives Fogel a mechanic's lien on the typewriter.Fogel's mechanic's lien:

• A)takes priority over a prior perfected security interest under all circumstances.
• B)is subject to a prior perfected purchase money security interest under all circumstances.
• C)is subject to a prior unperfected security interest where the statute is silent as to priority.
• D)takes priority over a prior perfected security interest unless the statute expressly provides otherwise.

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Definitions:

Computer Fraud and Abuse Act

A U.S. law that criminalizes unauthorized access to computers and networks.

Confidential Client Lists

Lists that contain private information about clients, protected to maintain confidentiality and competitive advantage.

Financial Information

Data regarding the economic activities and condition of an individual or organization, including income, expenses, assets, and liabilities.

Responsible Corporate Officer Doctrine

The Responsible Corporate Officer Doctrine is a principle that holds corporate executives and officers liable for the illegal actions of the corporation, even without direct involvement, if they had power to prevent the misconduct.