The parties are free to define the term "default" in their security agreement.
Correct Answer:
Verified
Q24: A perfected security interest will take priority
Q25: A security interest can be perfected merely
Q26: A purchase money security interest in a
Q27: The automatic perfection rule applies only to
Q28: A purchase money security interest automatically perfects
Q30: A secured party may cure a default
Q31: If an affected secured party fails to
Q32: A secured party may sell,lease,or otherwise dispose
Q33: Under no circumstance may a secured creditor
Q34: A certificate of filing indicates whether there
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