Credit Extender,Inc

question 38

Multiple Choice

Credit Extender,Inc.(CE) ,a creditor,wants to perfect its interest in property owned by Dandy Goods,Inc.(DG) .Filing a financing statement

• A)gives notice to other creditors of CE's security interest.
• B)is a technicality that has no practical effect.
• C)reduces CE,on DG's bankruptcy,to an unsecured creditor.
• D)transfers DG's property into CE's possession.

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Definitions:

Thoracic Duct

The largest lymphatic vessel in the body, which drains lymph from the lower half of the body and the left upper part into the bloodstream.

Lymphatic Duct

A large vessel in the lymphatic system that drains lymph from the lymphatic vessels into the venous system.

Vena Cavae

The two major veins (superior vena cava and inferior vena cava) that carry deoxygenated blood from the body back to the heart.

Cisterna Chyli

A dilated sac at the lower end of the thoracic duct into which lymph from the intestinal trunk and two lumbar lymphatic trunks flows.