In the Case in the Text,In Re Lance,the Court Held

question 3

Multiple Choice

In the case in the text,In re Lance,the court held that the credit union's security interest in the snowmobile automatically perfected because:

• A)the snowmobile was a consumer good.
• B)the credit union filed a financing statement with the secretary of state.
• C)the credit union possessed the snowmobile.
• D)the credit union filed a continuation statement before the financing statement lapsed.

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Definitions:

Gritty Texture

A rough or coarse texture that feels like fine particles are embedded within it.

Vascular Bundles

Structures in plants that contain xylem and phloem tissues, responsible for the transport of water, nutrients, and sugars.

Ground Tissue

The tissue in plants that makes up the majority of a plant's body, filling the spaces between the vascular and dermal tissue, and involved in photosynthesis, storage, and support.