Which of the following is not true about recording statutes in connection with security interests?
A) A deed of trust is valid between borrower and lender even if the deed of trust is not
properly recorded.
B) A mortgage that has not been properly recorded is not effective against later purchasers of
a piece of property.
C) A mortgage is valid between the borrower and lender even if the mortgage is not
properly recorded.
D) Most of the provisions for recording these interests are contained in federal statutes.
D
You might also like to view...
Belling is a chain of coffee shops. Give an example of a category point-of-parity and a competitive point-of-parity for the company
What will be an ideal response?
Order date, amount sold, and customer number are all forms of data.
Answer the following statement true (T) or false (F)
In the customer-initiated interactive communication process,
A. the buyer starts the process. B. messages typically must be very short and simple. C. noise is no longer a factor. D. the message channel is no longer a factor. E. None of these answers is correct.
Basil Manufacturing uses a weighted-average process-costing system. The following figures pertain to July:?Physical unitsEquivalent unitsMaterialsEquivalent units ConversionUnits completed120,000120,000120,000Ending work in process40,00040,00018,000All materials are introduced at the start of the process, and conversion cost is incurred evenly throughout production. The company used direct materials that cost $640,000; conversion amounted to $8 per equivalent unit.Required:A. Calculate the direct materials cost per equivalent unit.B. Calculate the cost of units completed and transferred.C. What percentage of conversion work will be performed on the 40,000-unit ending work-in-process inventory during August?D. In all likelihood, were all of the 120,000 completed units begun in July?
Explain. What will be an ideal response?