Sara Needs $1,513 to Buy Textbooks and Other School Supplies

question 39

Essay

Sara needs $1,513 to buy textbooks and other school supplies.Tomas agrees to loan Sara $1,513,accepting as collateral Tomas's car.They put their agreement in writing and sign it.Sara keeps possession of the car.Does Tomas have an enforceable security interest How can Tomas let other creditors know of his interest in the car

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Definitions:

Methods

Blocks of code that perform specific tasks and can be called upon by name to execute those tasks within a program.

Init Method

Refers to an initialization method, typically used to set up or prepare initial states for objects or variables in programming.

Constructors

Special methods in a class that are called when an object of the class is created, used to initialize objects.

Initialize

The process of assigning an initial value to a variable or object at the time of its creation.