Economic theory predicts that rational customers will collect information only to the point at which the marginal benefit of obtaining the information in terms of incremental value to making a choice equals the marginal cost
Indicate whether the statement is true or false
TRUE
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Under the Secured Transactions article of the UCC, when does a security interest become enforceable?
A. A contract is executed between a debtor and a secured party under which the debtor gives the secured party rights in collateral if the debtor violates any of the terms contained in the contract. B. The debtor and the secured party execute a security agreement describing the transfer of the collateral and, after doing so, the secured party files it with the requisite agency. C. The debtor and the secured party execute a security agreement describing the transfer of collateral from seller to buyer and the secured party retains possession of the agreement. D. The value has been given, the secured party receives a security agreement describing the collateral authenticated by the debtor, and the debtor has rights in the collateral.
If property in held by two or more owners as joint tenants with rights of survivorship, the ownership interest of a decreased owner will be passed to the:
A. Heirs of the deceased owner. B. Surviving owner or owners. C. State under the law of escheat. D. Deceased owner's trust.