Under the Revised Secured Transactions Article of the UCC, which of the following requirements is necessary to have a security interest attach?
Debtor had
rights in the
collateral
Proper filing
of a security
agreement
Value given
by the
creditor
A. Yes, Yes, Yes
B. Yes, Yes, No
C. Yes, No, Yes
D. No, Yes, Yes
C. Yes, No, Yes
Business
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A corporation does not have the right to hold property under its own name.
a. true b. false
Business
On a work sheet, the Debit columns of the Income Statement and the Balance Sheet sections both total more than the Credit columns. This represents
a. an error in the accounting procedures for the period; b. a net loss; c. a net income; d. accumulated depreciation and other expenses; e. unearned revenue.
Business