Question: answer asap please Question 8 2 pts If a state statute requires a security interest in an automobile to be noted on the certificate of
answer asap please
Question 8 2 pts If a state statute requires a security interest in an automobile to be noted on the certificate of title. the security interest is perfected: O by the certificate notation, when a non-inventory motor vehicle is involved O by filling under the UCC, regardless of how the vehicle is classified O by filing under the UCC, when the motor vehicle is inventory. either by the certificate notation or by a UCC filing, depending on how the state statute defines the term motor vehicle D Question 9 2 pts The purpose of a financing statement is to alert third persons that a creditor may have a security interest in the collateral described. True False U Question 10 2 pts If a creditor files a financing statement, the perfection obtained lasts for Ofive (5) years, and is renewable O five (5) years and is non-renewable ten (10) years, and is renewable ten (10) years, and is non-renewable. D Question 11 2 If there are two perfected secured creditors in the same collateral, priority goes to the creditor wh is owed the greatest amount of money. O True O False D Question 12 2 pt A security interest must be perfected, even if there are not competing claims for the collateral. O True False Question 13 2 pts If a buyer defaults, a secured seller may resell the collateral: not less than three (3) months after the buyer's default. o not less than six (6) months after the buyer's default. O at either a public on a private sale D Question 14 2 pts A reorganization plan may, in certain instances, provide for the rejection of executory contracts or collective bargaining agreements True False Question 15 2 pts A husband and wife may file a voluntary petition in bankruptcy. True False Question 16 2 pts If there are at least three of those creditors whose unsecured and undisputed daims total $15,325 or more must sign the involuntary petition 12 or less 12 or more 3 or more 3 or less Question 17 2 pts Question 16 2 pts If there are at least three of those creditors whose unsecured and undisputed claims total $15,325 or more must sign the involuntary petition. 12 or less 12 or more 3 or more 3 or less Question 17 2 pts An automatic stay in bankruptcy ends it a debtor attempts to incur additional debt after a petition has been filed. True False Question 18 2 pts The trustee may void any fraudulent transfer made by the debtor within of bankruptcy when the debtor's actual intent was to hinder, delay, or defraud creditors by engaging in the transfer, O 3 months 6 months 1 year 2 years



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