Kathy is the secured party in a transaction with Julie, who is the debtor. The collateral is a 2007 Chevrolet F150 pick-up truck. Kathy files a financing statement in which she describes the collateral as "a vehicle.". To perfect Kathy's interest this is
a. not sufficient.
b. sufficient.
c. sufficient if the financing statement also includes Julie's signature.
d. sufficient if the financing statement also includes the location of the collateral.
A
You might also like to view...
If a stock's price is $20 at the beginning of a year and $17 at the end of the year, and it pays a dividend of $2 during the year, then the stock's capital-gains yield is ____ percent.
A. ?15 B. ?5 C. 5 D. 15
Substantive procedures to examine the cutoff assertion for accounts payable include:
A. selecting a sample of vouchers and agreeing them to authorized purchase orders. B. selecting a sample of receiving reports around year-end and comparing dates on related vouchers to dates in the purchases journal. C. selecting a sample of vouchers and agreeing them to the purchases journal. D. recomputing the mathematical accuracy of a sample of vendor invoices.
If you are the kind of person who might be wary of a new team leader until you recognize that he or she demonstrates the character, integrity, abilities, and benevolence to lead the team, then you have a ______ trust.
A. disposition-based B. perception-based C. cognition-based D. affect-based
A business accepts a 12 percent, $94,000 note due in three years. Assuming simple interest, how much will the business receive when the note falls due?
A) $105,280 B) $127,840 C) $116,560 D) $94,000