Jason Is the Creditor in a Transaction with Carol,who Is

question 61

Multiple Choice

Jason is the creditor in a transaction with Carol,who is the debtor.Which of the following requirements is NOT necessary for Jason to have an enforceable security interest?

• A)The collateral must be in Jason's possession,or there must be a written security agreement.
• B)Jason must give value to Carol.
• C)Carol must have rights to the collateral.
• D)The collateral must be tangible.

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Definitions:

Corticosteroid

A class of steroids that reduces inflammation in the body and is used in treating a variety of conditions including allergies and autoimmune diseases.

Strain

A stretched or torn muscle or tendon, often resulting from overuse or injury.

Torticollis

Stiff neck caused by spasmodic contraction of neck muscles drawing the head to one side with the chin pointing to the other; can be congenital or acquired.

Myocardial Muscle Tissue

The muscle tissue of the heart, responsible for the contraction and relaxation that pumps blood through the body.