Examlex
Assuming that the valid cost should be between 100 and 200, does the following code snippet test this condition correctly?
Final int MIN_COST = 100;
Final int MAX_COST = 200;
Int cost = 0;
Scanner in = new Scanner(System.in) ;
System.out.print("Please enter the cost: ") ;
Cost = in.nextInt() ;
If (cost < MIN_COST)
{
System.out.println("Error: The cost is too low.") ;
}
Else if (cost > MAX_COST)
{
System.out.println("Error: The cost is too high.") ;
}
Else
{
System.out.println("The cost entered is in the valid cost range.") ;
}
Perfected
In legal and financial contexts, refers to having completed all necessary legal steps to enforce rights regarding a security interest against third parties.
Proceeds
The total amount of money or assets derived from a transaction, such as the sale of goods, property, or a business activity.
Collateral
An asset pledged as security for the repayment of a loan, forfeitable in the event of a default.
Financing Statement
A document filed to give public notice that a creditor has a security interest in the debtor's collateral, used in securing transactions.
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