In Which of the Following Cases Will Perfection by Attachment

question 66

Multiple Choice

In which of the following cases will perfection by attachment not be effective?

• A)The goods were sold on a conditional sales contract to the consumer.
• B)The creditor has lent money to enable a consumer to buy goods.
• C)The consumer good is a motor vehicle.
• D)The goods were sold on a time-payment plan to the consumer.

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Definitions:

Joint And Several

A legal term referring to the shared and individual responsibility of two or more parties to fulfill the entirety of an obligation or debt.

Partnership Law

Legal regulations governing the formation, operation, and dissolution of a partnership, which is a business entity owned by two or more people.

Liability

The state of being legally responsible for something, such as a debt or obligation.

Revised Uniform Partnership Act

An updated set of laws that provide a legal framework for the formation, operation, and dissolution of partnerships in the United States.