Question: To create a security interest the creditor must give something of value to the debtor which might include: Condition to extend credit Adequate legal consideration

To create a security interest the creditor must give something of value to the debtor which might include: Condition to extend credit Adequate legal consideration on a contract A direct loan All of the above None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

Executive Memorandum (EM) Guidelines Prepare an executive summary of the papers that is only one page long.The assignment should be typed in Word, font size 11 double spaced, with minimum margins of...

Q:

OBLIGATIONS AND CONTRACTS (Arts. 1169-1178, Civil Code of the Philippines) Questions: 1. B and C entered into a contract wherein B would deliver to C 10 cases of softdrinks on March 30, 2022. B...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please be thorough with your answers and no copy and paste sentences or paragraphs from other sources ( and please no copy and paste excerpts from other sources), please. Please simplify as much as...

Q:

Reflection Paper for this What have you learned in TITLE II. - CONTRACTS ? ESSENTIAL REQUISITES OF CONTRACTS ? Consent ? Capacity to Give Consent & Vices of ? Consent ? Object of Contracts ? Cause of...

Q:

Can you make questions from this notes following the instruction given below? You are to make your "OWN" Multiple Choice Questions (MCQs) for all Topics from Introduction of Law and Obligations First...

Q:

Run a regression of returns on your TSLA stock against returns on a market index. Use the regression to evaluate TSLA'S performance on a risk-adjusted basis during the period of the regression and...

Q:

The major advantage of debt financing is: a. It allows a firm to use creditors money. b. Interest payments are more predictable than dividend payments. c. Interest payments are not required when a...

Q:

By the end of what grade are "good readers" able to correctly read 120 to 130 words per minute? O a. Second O b. Third O c. Fifth O d. Sixth

Q:

Write a short paper on shell Canada fuels productivity with ERP and also define that how important was training in helping roll out the system to shell personnel?