A trust receipt inventory loan is an arrangement in which the lender receives control of the pledged inventory collateral, which is stored by a designated agent

A brother and sister owned a property as joint tenants. All of their other finances were separate. If the brother died with a large amount of debt, the creditors would:

A. place an attachment lien only on the property that was owned in joint tenancy B. place an attachment lien on all property owned by the sister C. ask the probate court to order the property sold in order to satisfy the debts D. obtain no satisfaction, since the property was transferred to the sister without being encumbered by the brother's debts

Which of the following is acquired (in addition to a cash payoff) when the holder of a put futures exercises?

A. A long position in a futures contract B. A short position in a futures contract C. A long position in the underlying asset D. A short position in the underlying asset