Article 9 of the UCC which governs security interests has added some items that now are covered by security interests law. Which of the following is true?
A. Security interests in tort claims already assessed by a court of law are covered.
B. After-acquired commercial tort claims are covered.
C. Both the mentioned security interests and after-acquired commercial tort claims are covered.
D. Neither the mentioned security interests and after-acquired commercial tort claims are covered.
A. Security interests in tort claims already assessed by a court of law are covered.
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Landowner Shelley subdivides her acreage and offers the lots for sale. Broker Ernie tells her that he can sell the lots. After Ernie sells some of the lots, the landowner refuses to pay him a commission. The broker can
A) report the landowner to the real estate licensing authorities. B) file a lien against the landowner's remaining lots. C) sue the landowner for breach of contract. D) do nothing.
Carlyle's residence was purchased by Nicholson through Broker Azusa. As a condition of sale, Nicholson required a structural pest control report. Carlyle employed XYZ Pest Control Company to inspect the premises and to do all necessary corrective work. Carlyle paid for the completed job based on the appraised value of the property. Concerning the foregoing, which of the following is most correct:
A: The seller need not deliver a copy of the structural pest control report to the buyer because the wood-destroying pest problem has been resolved: B: Neither the seller nor the broker need deliver a structural pest control report to the buyer because the buyer may obtain a copy upon payment of an appropriate fee to the State Board of Structural Pest Control; C: The seller or broker must deliver a copy of the structural pest control report to the buyer as soon as practical; D: The broker must notify the buyer of the name of the termite company prior to the close of escrow.