Which of the Following Is True Regarding the Effect of XYZ

question 8

Multiple Choice

Which of the following is true regarding the effect of XYZ Electronics filing a security interest?

• A) The claim was perfected.
• B) The claim was guaranteed.
• C) The claim was secured.
• D) The claim was acknowledged.
• E) There was no effect because there can only be one security interest, and the bank already had that.

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Definitions:

Umbilicus

Also known as the navel or belly button, it is the scar on the abdomen that marks the former attachment point of the umbilical cord.

Lumbar Region

The lower part of the spine, consisting of five vertebrae, which plays a key role in supporting the upper body and allowing movement.

Blood Glucose

The sugar that is transported through the bloodstream to supply energy to cells.

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose into tissues and the storage of glucose as glycogen.