Kathy Is the Secured Party in a Transaction with Julie,who

question 60

Multiple Choice

Kathy is the secured party in a transaction with Julie,who is the debtor.The collateral is a 2007 Chevrolet F150 pick-up truck. Kathy files a financing statement in which she describes the collateral as "a vehicle." To perfect Kathy's interest this is

• A)not sufficient.
• B)sufficient.
• C)sufficient as long as the financing statement also includes Julie's signature.
• D)sufficient as long as the financing statement also includes the location of the collateral.

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Definitions:

GDP Deflator

An economic measure that adjusts the Gross Domestic Product (GDP) by accounting for changes in price levels or inflation.

Gross Domestic Product

The overall economic value of all produced goods and services within the borders of a country, measured over a designated time period.

Output Value

The total value of all goods and services produced by an individual, company, or country.

Increase

A rise in the amount, size, or number of something.