Mern Corp. is in the business of selling computers and computer software to the public. Mern sold and delivered a personal computer to Whyte on credit. Whyte executed and delivered to Mern a promissory note for the purchase price and a security agreement covering the computer. If Whyte purchased the computer for personal use and Mern fails to file a financing statement, which of the following statements is correct?
A. The computer was a consumer good while in Mern's possession.
B. Perfection of Mern's security interest occurred at the time of attachment.
C. Mern's security interest is not enforceable against Whyte because Mern failed to file a financing statement.
D. Mern does not have a perfected security interest because it failed to file a financing statement.
B. Perfection of Mern's security interest occurred at the time of attachment.
You might also like to view...
Despite the fact that Starbucks is widely admired for forward-thinking management policies, Global Exchange allowed the company to further demonstrate its commitment to social responsibility by selling Fair Trade coffee
Indicate whether the statement is true or false
Tessa won the lottery for $2,500,000 but due to a change in state laws she will not be able to collect it for three years. Ralph is willing to give her a lump sum today in return for the payment in three years. If current interest rates are 14% per year, how much will Tessa receive today?
A) $1,687,430 B) $5,804,080 C) $2,500,000 D) $3,703,860
Which step in developing a marketing plan includes an analysis of the marketing environment?
A) situation analysis B) development of marketing objectives C) selection of a target market D) development of marketing strategies E) implementation of the marketing plan
Which of the following describes communication?
A) One person sends a message to another, and that message is returned. B) One person send a message to another, and that message is re-interpreted. C) One person sends a message to another, and that message is understood. D) One person sends a message to another, and that message is internalized and symbolized.