QUESTION 20 Which of the following methods of perfection should a bank use if it wishes to ensure it will not have to expend efforts in repossession? O A bank cannot ensure it will not have to repossess the collateral. O Perfection by filing. O Perfection by collateral in interest. O Perfection by possession. O Perfection by implication. QUESTION 21 By which of the following is a mechanic's lien created? O Consent O Foreclosure O Statute O Mortgage Acknowledgement
QUESTION 20 Which of the following methods of perfection should a bank use if it wishes to ensure it will not have to expend efforts in repossession? O A bank cannot ensure it will not have to repossess the collateral. O Perfection by filing. O Perfection by collateral in interest. O Perfection by possession. O Perfection by implication. QUESTION 21 By which of the following is a mechanic's lien created? O Consent O Foreclosure O Statute O Mortgage Acknowledgement
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:Regardless of whether the buyer is aware of the security interest, so long as the buyer purchases the good for his or her personal use, the secu
terminates if the sale to the new buyer is made before the original secured party files a financial statement.
O As long as the buyer is not aware of the security, interest, purchases the good for personal use or resale, and purchases good before the secure
financial statement, the buyer obtains the good free of the security interest.
O The security interest immediately terminates.
O The security interest passes to the new buyer.
QUESTION 20
Which of the following methods of perfection should a bank use if it wishes to ensure it will not have to expend efforts in repossession?
O A bank cannot ensure it will not have to repossess the collateral.
O Perfection by filing.
O Perfection by collateral in interest.
O Perfection by possession..
O Perfection by implication.
QUESTION 21
By which of the following is a mechanic's lien created?
O Consent
O Foreclosure
O Statute
O Mortgage
O Acknowledgement
QUESTION 22
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