The higher the debt to equity ratio, the greater the financial risk the company is taking

For a business entity to be licensed as a broker the following is required:

A) the entity must provide proof of E&O insurance of $1 million for each occurrence if the designated agent owns less than 10% of the entity. B) a managing officer of the entity must be designated as the agent for purposes of TRELA. C) all of these are required. D) the designated agent must have a broker's license in active and good standing with TREC.

A security interest can be perfected merely by possession of the collateral by the secured party

Indicate whether the statement is true or false