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A filed financing statement is valid for 4. three years B. five years c.ten years D.one year QUESTION 24 A consumer purchase money security interest is generally enforceable against t. the purchaser only B. any subsequent purchaser only E.all purchasers D.none of the above QUESTION 25 Garnishment proceedings are subject to 4. state law 3.federal law c.state law and federal law D.none of the above When there are co-sureties and one pays more than her proportionate share of the debt, she is entitled to seek from her co-surety treimbursement B.contribution C.subrogation Pnone of the above QUESTION 21 Right of redemption is Whe debtor's right to pay all outstanding amounts prior to discharge through a sale or creditor's retention of the goods W.the creditor's right to sell the goods at auction the right of a third party with standing to intervene Dnone of the above A creditor's composition agreement involves A. contested debts B. uncontested debts C. either A or B D. none of the above A guarantor has secondary liability for the debt of another. True False Generally, a secured party may repossess collateral upon default by the debtor. True False