Sun, Inc., manufactures and sells household appliances on credit directly to wholesalers, retailers, and consumers. Sun can perfect its security interest in the appliances without having to file a financing statement or take possession of the appliances if the sale is made by Sun to

Because demutualization is a slow and cumbersome process, some states have enacted legislation that allows a mutual company to be reorganized so that it may own or acquire control of stock companies that can issue additional shares of common stock. The reorganized mutual company is called a(n):

(a) mutual holding company (b) captive insurance company (c) shell insurance company (d) fronting insurance company

The agreement to hold Fein harmless for all past, present, and future liabilities of ABC will

A. Prevent partnership creditors from holding Fein personally liable only as to those liabilities of ABC existing at the time of Fein's withdrawal. B. Prevent partnership creditors from holding Fein personally liable for the past, present, and future liabilities of ABC. C. Not affect the rights of partnership creditors to hold Fein personally liable for those liabilities of ABC existing at the time of his withdrawal. D. Permit Fein to recover from the other partners only amounts he has paid in excess of his proportionate share.