A security agreement must contain a description of the collateral that reasonably identifies it.
Answer the following statement true (T) or false (F)
True
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Which of the following is NOT part of the capital budgeting process?
A) develop short-term operating strategies B) identify and analyze potential capital investments C) apply capital rationing D) perform post-audits
A(n) _____ is a word that means exactly the opposite of another word
Fill in the blank(s) with correct word
Liability Insurance Company (LIC) was approached by a regional airline to see if LIC would write the airline's liability coverage. LIC agreed to write the coverage and entered into an agreement with a reinsurer
Under the agreement, LIC retains 25 percent of the premium and pays 25 percent of the losses, and the reinsurer receives 75 percent of the premium and pays 75 percent of the losses. This reinsurance arrangement is best described as A) excess-of-loss reinsurance. B) surplus-share reinsurance. C) quota-share reinsurance. D) pool reinsurance.
Catchy Gadgets Corporation and Discount Outlets, Inc., enter into a contract for a sale of kitchenware. The contract requires Catchy to deliver the goods to Rapido Carrier Company for transport to Discount's warehouse. Risk of loss passes to Discount when
A. Catchy delivers the goods to Rapido. B. Catchy and Discount enter into their contract. C. Rapido transports the goods to Discount's warehouse. D. Discount sells the goods to its customers.