Under the Secured Transactions Article of the UCC, which of the following security agreements does not need to be in writing to be enforceable?
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A A limited partnership. B A general partnership. C A limited liability company. D A corporation.
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3 .Which of the following is included within the scope of the secured transactions article of the code?
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4 .Under the Secured Transactions Article of the UCC, all of the following are needed to create an enforceable security interest, except:
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5 .Under the UCC Secured Transactions Article, when collateral is in a secured party's possession, which of the following conditions must also be satisfied to have attachment?
A The secured party must receive consideration. B The debtor must have rights to the collateral. C The public must be notified. D There must be a written security agreement.
7 .Under the Secured Transactions Article of the UCC, which of the following items can usually be excluded from a filed original financing statement?
A The amount of the obligation secured. B The name of the debtor. C The address of the debtor. D A description of the collateral.
8 .Lisa is a limited partner in a limited partnership. Jen, one of the other limited partners, is seeking to sell her interest in the partnership to Karen and allow Karen to become a new limited partner. Which of the following statements is true?
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10 .Which of the following transactions would illustrate a secured party perfecting its security interest by taking possession of the collateral?
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