Manuel Holds a Security Interest in Inventory Owned by Newt

question 24

Multiple Choice

Manuel holds a security interest in inventory owned by Newt.Manuel assigns his interest in the inventory to Olan.Olan becomes the secured party of record

• A)automatically.
• B)if Manuel advises Newt of the assignment.
• C)if Olan advises Brad of the assignment.
• D)if Olan files a uniform amendment form.

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Definitions:

Stepfather

Stepfather is a man who is married to one's parent after the divorce or separation of one's biological parents, or the death of one's biological father, and who may serve as a parental figure.

Stepparent

An individual who is married to a person who has one or more children from a previous relationship, but is not their biological parent.

Stepfamily Cycle

The progression and evolving dynamics within a stepfamily, from initial formation through integration and stabilization, involving adjustment to new roles and relationships.

Stepparents

Individuals who become parents through marriage, partnering with someone who already has children from a previous relationship.