Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
28.
(p. 665)
Which of the following is true regarding a security interest in consumer goods?
29.
(p. 667)
Which of the following is true under the UCC regarding a security interest in collateral
that has been perfected in one state when the collateral is moved to another state?
30.
(p. 672)
Which of the following was the result in the case in the text
In re Girolamo Afonica
, the
case in which a debtor's bankruptcy discharge was challenged by a bank that held a security
interest in a vehicle that the plaintiff, without notice to the bank, transferred to a junk dealer
because his ex-wife did not like it sitting in her driveway?
31.
(p. 668)
Which of the following is the designation for property acquired by the debtor after a
security agreement covering the property is made?
32.
(p. 673)
Which of the following was the result
In Re Tower Air Inc.
, the case in the text in which a
debtor made repairs to an aircraft used as collateral without claiming available insurance
proceeds, later filed bankruptcy, and the bankruptcy trustee and the creditor each claimed
entitlement to the insurance proceeds?
33.
(p. 668)
When a debtor sells collateral, he or she receives ____, something that is exchanged for
collateral.
34.
(p. 668)
Which of the following is true regarding a secured party's interest in proceeds?
35.
(p. 668)
Under the UCC, a secured party's interest in proceeds lasts for ______ after the debtor
receives the proceeds.
36.
(p. 668)
Which of the following is an amendment to a financing statement that states that the
debtor has no obligation to the secured party?
37.
(p. 674)
Which of the following is true regarding the court's opinion in
Lingross
v. Heilig-Meyers
Furniture
, the case in the text in which the plaintiffs alleged that the defending furniture store's
agents engaged in wrongful repossession efforts?
38.
(p. 670)
Assuming a purchase-money security interest is not involved, which of the following is
true regarding priority when there are two secured parties and neither has perfected?
39.
(p. 676)
What did the court conclude in the Case Opener, the case in which the plaintiff claimed
that her repossessed vehicle was not sold in a commercially reasonably manner and that she was
wrongly left with a deficiency?
40.
(p. 670)
Which of the following is true regarding priority in a dispute involving a purchase-money
security interest in business goods other than inventory?
41.
(p. 671)
Which of the following is a term used to identify a person who routinely buys goods in
good faith from a person who routinely sells these goods?
42.
(p. 671)
Which of the following is true if a buyer of a consumer good subject to purchase-money
security interest later sells the good?
43.
(p. 672)
Which of the following is a writing that indicates both a monetary obligation and a
security interest in specific goods?
44.
(p. 672)
Which of the following is a writing that demonstrates a right to payment of money?
45.
(p. 673-676)
Which of the following is
false
regarding a creditor's rights to collateral upon a
debtor's default?
