Samantha Bought a Refrigerator for Personal Use

question 26

Multiple Choice

Samantha bought a refrigerator for personal use. If the store where she purchased the refrigerator loaned her the money to make the purchase then:

• A) the store's security interest attaches but it is not automatically perfected.
• B) the store's security interest does not attach unless Samantha signs a security agreement for the refrigerator.
• C) the store cannot accept the same refrigerator as collateral.
• D) the store's security interest attaches and is automatically perfected.

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Definitions:

Friendly Witnesses

Individuals who provide testimony or evidence in a trial or hearing, favoring the position of the party calling them.

Actual Facts

Real, confirmed information and details about a situation or matter.

Lay Witness

A non-expert witness who provides testimony in a legal proceeding based on their personal observations or experiences.

Expert Witness

A specialist in a particular field whose expertise can provide valuable opinions and insights during legal proceedings.