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

question 13

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 or authenticated 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:

Marginal Cost

The investment needed to produce an extra unit of a product or service.

Profit-Maximizing

The process or strategy of adjusting the production and sale of goods or services to generate the highest possible profit.

Pure Monopolist

An entity that is the sole supplier of a unique product or service without close substitutes, giving it significant control over the market price.

Total Revenue

The total amount of money received by a company from its sales of goods or services, not accounting for any costs.