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:

Consent Decrees

Legal agreements that settle disputes between parties without admission of guilt, often used by regulatory agencies to enforce compliance.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.

Clayton Act

An antitrust law enacted in the United States in 1914, aimed at preventing anti-competitive practices and monopolies.

Sherman Antitrust Act

A foundational piece of U.S. legislation passed in 1890 aimed at preventing anti-competitive practices, monopolies, and fostering fair competition in the marketplace.