Which of the Following Statements Is True of an Artisan's

question 21

Multiple Choice

Which of the following statements is true of an artisan's lien?

• A) It is ineffective against other creditors unless a proper financing statement has been filed.
• B) It may be given priority even over perfected security interests in collateral if the artisan has possession of the goods.
• C) It is invalid if the artisan did not inform the debtor that he intended to claim a lien before beginning the work.
• D) It gives the retailer prevalence over someone who buys the collateral from the debtor if the buyer gives value for goods.

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Definitions:

Helping Behavior

Refers to voluntary actions intended to help others, with little or no benefit to oneself.

Uphold Reputation

The act of maintaining a good standing or image in the eyes of others, often through ethical behavior and performance.

Egoistic Motivation

A drive to act based on the impact of the action on one's self-interest, often disregarding others' needs or societal norms.

Empathic Feelings

Emotional responses that involve understanding, sharing, or vicariously experiencing the feelings of another person.