Under the Secured Transactions Article of the UCC, which of the following statements is correct regarding a security interest that has not attached?
A. It is effective against the debtor, but not against third parties.
B. It is effective against both the debtor and third parties.
C. It is effective against third parties with unsecured claims.
D. It is not effective against either the debtor or third parties.
D. It is not effective against either the debtor or third parties.
Business
You might also like to view...
Which of the following statements regarding a stock insurer is NOT true?
A) It is owned by shareholders. B) The operations are overseen by a board of directors. C) The policies are participating policies. D) Profits may be distributed as dividends."
Business
The largest fixed expense associated with a new automobile is depreciation.
a. true b. false
Business