If the creditor has possession of the collateral, the security agreement:
A. need not be in writing.
B. need not specify the collateral.
C. should be in writing.
D. should specify the collateral.
Answer: A
You might also like to view...
Appendixes, if used at all, are normally placed at the end of the report
Indicate whether the statement is true or false
The Securities Exchange Act of 1934 expressly provides for a private right of action for violations
of Section 10(b) and Rule 10b-5. Indicate whether the statement is true or false
Allstate Insurance promotes its auto and home insurance by telling consumers, "You're in good hands with Allstate." Which of the following types of needs is Allstate trying to satisfy?
A. personal needs B. behavioral needs C. safety needs D. physiological needs E. social needs
Preferred stock can provide a financing alternative for some firms when market conditions are such that the firms cannot issue either pure debt or common stock at any reasonable cost.
Answer the following statement true (T) or false (F)