A creditor can have their security interest perfected by
A) having the debtor sign a general security agreement
B) registering a financing statement under the PPSA
C) registering a lien with a receiver
D) giving the debtor notice they will be seizing the assets in which they have a security interest
E) selling the assets in which they have a security interest
B
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Patton Company purchased $600,000 of 10% bonds of Scott Co. on January 1, 2013, paying $564,150. The bonds mature January 1, 2023; interest is payable each July 1 and January 1. THe discount of $35,850 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. On July 1, 2013, Patton Company should increase its Debt Investments account for the Scott Co. bonds by
a. 3,588 b. 2,056 c. 1,794 d. 1,028
On September 30, the Simpson Company reported the following information on its financial statements. What is the amount of the stockholder's equity in the Simpson Company?
A) $243,000 B) $277,000 C) $927,000 D) $3,217,000