Assume the Bank's Filing of the Financing Statement Constitutes a Proper

question 61

Multiple Choice

Assume the bank's filing of the financing statement constitutes a proper perfection,what type of interest does Dryden have in the hang glider?

• A)Dryden would have a claim against the hang glider only as an unsecured creditor.
• B)Dryden would have a claim against the hang glider based on the amount of the loan.
• C)Dryden would have no claim for the hang glider.
• D)Dryden would be a secured creditor.
• E)Both Dryden and the bank would have an equivalent claim to the hang glider.

---

Definitions:

Economic Privilege

Advantages or benefits in socioeconomic status and access to resources that are available to certain groups or individuals based on their economic position.

Old Northwest

A historical term referring to the region of the United States northwest of the Ohio River, encompassing states like Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota.

Battlefield Resistance

Acts of defiance or opposition by military forces or insurgents during engagements or conflicts on a battlefield.

Sauk

A Native American tribe traditionally located in the Midwestern United States, notably involved in the Black Hawk War against the United States in 1832.