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

Author Question: Which one of the following statements about the Personal Property Security Act is true? (Read 71 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Aug 7, 2021
Which one of the following statements about the Personal Property Security Act is true?
◦ In a situation where a debtor fraudulently attempts to transfer property that he or she has given as security, the Act is designed to protect both the debtor and the secured creditor.
◦ If a secured creditor fails to register his or her security interest in the Personal Property Registry, he or she loses his or her rights against the debtor.
◦ Unless a creditor in a secured transaction covered by this Act takes steps to "attach and perfect" his security interest, he or she could lose that interest to someone outside the contract.
◦ If someone suspects that an item of personal property has been given as security by a particular person, he or she can sue on the breach of a condition.
◦ This legislation applies only to all present transactions where personal property is given as security interest to enforce an obligation.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by vicotolentino on Aug 7, 2021

Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


vicotolentino

  • Member
  • Posts: 552
Reply 2 on: Aug 7, 2021
Great answer, keep it coming :)

Jsherida

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

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

True Forget-Me-Not True Forget-Me-Not
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
Operator using personal protection equipment. Operator using personal protection equipment.
The Intersection of Culture and Personal Beliefs The Intersection of Culture and Personal Beliefs
Factors in Food Security Factors in Food Security
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library