John, an Alcoholic, Does Not Have Much Money, but Requires

question 96

Multiple Choice

John, an alcoholic, does not have much money, but requires the help of a mental-health professional.He might best be served by contacting a

• A)board-certified psychiatrist.
• B)self-help support group.
• C)humanistic therapist.
• D)counseling psychologist.

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Definitions:

Ordinary Course

Pertains to regular business activities and operations conducted by an entity under normal circumstances.

Security Interest

A financial mechanism that gives a lender priority over the borrower's assets or property in the case of default.

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor, used to perfect a lien.

Perfection

In the context of securing interests in property, it is the process of completing all required legal steps to enforce a security interest against third parties.