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:

Tax

A compulsory financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers at various prices.

Supply Curve

A graphical representation of the relationship between the price of a good and the amount of it that producers are willing to supply.

Equilibrium Price

The market price at which the supply of an item matches its demand, resulting in an efficient market condition where there is no excess supply or demand.