Moving to another question will save this response.

Question $8$

Question $8$ of $22$

$1$ points

Which of the following statements is NOT TRUE and$/$or does NOT APPLY to the PPSA?

a$.$ The purpose of the PPSA was to establish an online system that generates standard agreements dealing with all types of security interests, using information inputted by the creditor$($s$)$ and$/$or debtor$($s$)$ into the online system, eliminating the need for lawyers.

b$.$ The purpose of all security devices is to secure repayment by the debtor.

c$.$ The Act speaks to priority questions not only between debfor and creditor but also between competing creditors.

d$.$ 'PPSA' stands for Personal Property Security Act.

e$.$ The purpose of the PPSA was to establish a uniform public system that deals with all types of security interests.

Moving to another question will save this response.