Which of the Following Is True

question 55

Multiple Choice

Which of the following is true?

• A) A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to.
• B) Obligations covered by a security agreement may not include future advances.
• C) Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise.
• D) Encryption of a record cannot serve as a debtor's authentication of a security agreement.

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Definitions:

Test Statistic

A calculated value from sample data used to make decisions in hypothesis testing, determining how far an observed statistic deviates from what is expected.

Statistical Procedure

A method or technique used for collecting, analyzing, interpreting, and presenting data.

T Value

A statistic calculated in a T-test that determines the significance of the difference between two groups' means.

Test Statistic

A value calculated from sample data during hypothesis testing. It is used to decide whether to reject the null hypothesis.