Author Question: If the collateral is in the possession of the creditor: ______. A) a financing statement must be ... (Read 78 times)

james9437 · **on:** Jun 24, 2018

If the collateral is in the possession of the creditor: ______.
A) a financing statement must be filed to perfect the interest.
B)the security interest is perfected.
C)only a security interest has been obtained.
D)the type of goods will determine the method of perfection.

Question 2

The St. Joseph's Catholic Diocese wants to construct a school and chapel on property it owns that is located next to an industrial park. The property is zoned for industrial use. Which of the following would be a valid reason for the city zoning board to deny the church a zoning exemption?
A)That several of the businesses located in the area object to the church being located there
B)That there are health and safety hazards for children walking to the proposed school
C)That the city zoning board feels that there are sufficient number of Catholic churches elsewhere so no exception is required.
D)That the church has an existing chapel and school in another part of the city