Which of the Following Is True Regarding a Secured Party's

question 103

Multiple Choice

Which of the following is true regarding a secured party's interest in proceeds?

• A) A secured party automatically has an interest in proceeds for a limited amount of time.
• B) A secured party has an interest in proceeds only if the proceeds are taken into the possession of the secured party.
• C) A secured party has an interest in proceeds only if a financing statement is filed on the proceeds.
• D) A secured party has an interest in proceeds if the secured party takes the proceeds into the possession of the secured party or if the secured party files a financing statement on the proceeds.
• E) The secured party may not acquire a security interest in proceeds unless a new agreement regarding the proceeds is reached with the debtor.

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Definitions:

Personality Assessment

A method or instrument used to evaluate and measure an individual's personality traits and characteristics.

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A type of psychological test in which subjects' responses to ambiguous stimuli are analyzed to uncover unconscious desires, feelings, or aspects of their personality.

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A detailed list or stock of goods, materials, or other items held by an organization or individual.

Albert Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observational learning, self-efficacy, and modeling in behavior.