Which of the Following Is True Regarding a Security Interest

question 30

Multiple Choice

Which of the following is true regarding a security interest in consumer goods?

• A) A financing statement must be filed in order to perfect a security interest in consumer goods.
• B) Under federal consumer protection legislation, a seller may not hold a security interest in consumer goods.
• C) Under most state laws, a seller may not hold a security interest in consumer goods.
• D) When a creditor sells a consumer good to a debtor on a credit basis, the security interest perfects automatically.
• E) When a creditor sells a consumer good to a debtor on a credit basis, the security interest is perfected by the seller's possession.

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Definitions:

Effector T Cells

A subset of T cells that actively respond to a previously encountered antigen, playing a crucial role in the immune response by attacking infected cells.

Thymus Gland

An organ located in the upper chest, involved in immune system development and the production of T-cells for adaptive immunity.

Cell-Mediated Immunity

An immune response that does not involve antibodies but the activation of phagocytes, antigen-specific cytotoxic T-lymphocytes, and the release of various cytokines in response to an antigen.

Antibody-Mediated Immunity

An aspect of the immune response where B cells produce antibodies to identify and neutralize foreign objects like bacteria and viruses.