This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: To perfect a security interest in a negotiable document, Second State Savings and Loan should A) ... (Read 47 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 24, 2018
To perfect a security interest in a negotiable document, Second State Savings and Loan should
 A) file a financing amendment.
 B) take possession of the instrument.
 C) do nothing. Perfection is automatic.
 D) secure a court order.

Question 2

Donna defaulted on her loan owed to Second State Savings and Loan. The loan was secured with Donna's car. Donna used the car for personal and family reasons. Which statement is correct?
 A) Second State may take Donna's car without a court order if this can be done without a breach of the peace.
 B) Second State may take Donna's car without a court order even if it means a breach of the peace.
 C) Second State may not take Donna's car because it is a consumer good.
 D) Second State may not take Donna's car because perfection was automatic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro
State Laws on Abortion prior to Roe v. Wade, 1973 State Laws on Abortion prior to Roe v. Wade, 1973
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
State the equations State the equations
Red Spotted Newt (Notophthalmus v. viridescens), New Hampshire state animal. Red Spotted Newt (Notophthalmus v. viridescens), New Hampshire state animal.
Video: Pericarditis

For a complete list of videos, visit our video library