Identify Which of the Following Statements Is True About Secured

question 103

Multiple Choice

Identify which of the following statements is true about secured transactions in provinces having a personal property security act.

• A)Various kinds of secured transactions,such as conditional sales,chattel mortgages,etc.,are regulated by their own distinct statutes.
• B)All kinds of security arrangements involving personal property as collateral now come under one statute.
• C)An assignment of an account receivable does not qualify as a security arrangement because no tangible property is involved.
• D)This kind of transaction,which formerly was legal,is now prohibited by law in all provinces.
• E)Only tangible personal property can be used as security.

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Definitions:

(-)-glyceraldehyde

A specific stereoisomer of glyceraldehyde, a simple sugar molecule that serves as an intermediate in several metabolic pathways.

(+)-glyceraldehyde

An enantiomer of glyceraldehyde, denoted as having a positive optical rotation; it is a simple sugar and plays a role in several metabolic pathways.

E.e.

Enantiomeric excess, a measure of the purity of an enantiomer in a mixture, indicating the percentage difference between two enantiomers' concentrations.

Asymmetric Carbon

A carbon atom bonded to four different groups, creating a chiral center.