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Question 35 1 pts As a general rule, the forgery of a person's signature creates liability on behalf of the person whose signature has been forged Od CONDO ce Ciled Question 36 1 pts Chaves, a secured creditor, repossesses Finley's car. He puts the car up for auction, where he sells the car for $3500. At the time of repossession, Finley owed $5500 on the car. Chavez completes the sale of the vehicle without notiling Finley of the date or place of the sale or the amount of the debt. As a result: therepossession is vold and the cam must be returned Finley me sales void, the car must be returned to Finley Chaved forfeits the right to sue Finley for a deficiency judgment there is no impact all Question 37 1 pts Once filed, a financing statement is valid for O 3 years O 5 years Q 10 years Indefinitely Question 38 As a financing statement is nearing expiration. It can be extended for another 3 years another 5 years o another 10 years l cannot be extended ho Question 39 Acreditor finances the purchase of consumer goods. Perfection occurs O automatically O upon the filing of a financing statement o when the debtor delivers the collateral to the creditor O upon the filing of a continuation statement Question 40 The primary difference between being a secured as opposed to an unsecured creditor is that (1 unsecured credit is granted onenareement on O with secured credit, the debtor een bemested for deleng on the loan 0 with secured credit, the debtor has posted personal property as collateral one of the two Question 13 1 pts Inasales contract. Cannava, the buyer, buys soods from Buma, the sekor The goods are shipped to Cannava. Absent aercement to the contrary. Cannava oves payment upon delivery of the goods O at the time the orders placed O within 30 days of taking possession O as agreed to by the parties Question 14 1 pts D'sa takes her prized diamond nine into Onofrei for repairs. Onofrei. who is a merchant in the business of selling jewelry. mistakenly sells the nine to Van-Sandl who pays valuc, acts in good faith and has no idea the rightful owner is Dsa. When the mistake is discovered. is entitled to the ring. OD'S O Van-Sandi Onofrer 0 None of the above