A security interest is enforceable only if the debtor has rights in the collateral.
Correct Answer:
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Q1: A trustee has the power to avoid
Q3: A defaulting debtor cannot redeem nonexempt property
Q3: All debts are dischargeable in bankruptcy.
Q6: A buyer in the ordinary course of
Q7: A prepayment penalty clause helps to protect
Q8: A means test determines a debtor's eligibility
Q19: If a debtor does not pay a
Q31: A bankruptcy court may deny a discharge
Q31: A guarantor can be required to pay
Q36: A surety can use any defenses available
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