Solved

The Payment of Chick's Debt to Diamond Is Guaranteed by Chick's

Question 58

Multiple Choice

The payment of Chick's debt to Diamond is guaranteed by Chick's collection of eight restored autos. Their agreement describes Chick's subject property by serial number. To establish Diamond's interest, this is​


A) ​not sufficient because it is too specific.
B) ​not sufficient if it matches the description in the financing statement.
C) ​sufficient if it accurately describes the parties' agreement.
D) ​not sufficient without an added description of the autos' other identifying characteristics.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents