Which of the Following Is Not One of the Basic

question 79

Multiple Choice

Which of the following is not one of the basic requirements for a security interest to be attached to the goods of a debtor?

• A)The debtor must be a bona fide purchaser.
• B)Either there must be an agreement by the debtor granting the creditor a security interest in particular property or the secured party must have possession of the property.
• C)The creditor must give something of value to the debtor.
• D)The debtor must have rights in the collateral or the owner of the collateral must agree to allow its use as collateral.

---

Definitions:

Single, Unique Product

A product that is the only one of its kind and has no close substitutes in the market.

Blocked Entry

A situation in which new firms are prevented from entering a market due to high barriers to entry, such as high startup costs or strict regulations.

Oligopoly

A market structure characterized by a small number of firms controlling the majority of market share, leading to limited competition.

Difficult

Requiring considerable effort or skill to accomplish, deal with, or understand.