First Federal had a perfected security interest in Vicor's printing press. Second Credit had a security interest in the same press, but its interest was not perfected. First Federal takes priority over Second Credit
Indicate whether the statement is true or false
True
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Which of the following is not a type of earning asset for a bank?
a. Cash b. Loans c. Leases d. Investment securities e. Money market assets
Describe and exemplify inductive reasoning.
What will be an ideal response?
Which of the following is NOT a type of queue discipline?
a. first come, first served b. last in, first out c. marginal profit principle d. prior appointments
Which of the following statements about the assignment of a life insurance policy is true?
A) The insurer must be notified of any assignment or the death proceeds will be paid to the named beneficiary. B) Under an absolute assignment, the only right transferred to a new owner is the right to change the beneficiary designation. C) As long as a collateral assignment exists, a creditor will receive the entire death benefit even if the loan has been repaid. D) Assignment may be made only with the permission of the insurer and the beneficiary.