Solved

AAA Loans, Inc

Question 71

Multiple Choice

AAA Loans, Inc., holds a security interest in kitchen and restaurant equipment owned by Brunch n' Lunch Bistro. AAA assigns its interest in the equipment to Commercial Investments Corporation. Commercial Investments becomes the secured party of record​


A) ​automatically.
B) ​if AAA advises Brunch n' Lunch of the assignment.
C) ​if Commercial Investments advises Brunch n' Lunch of the assignment.
D) ​if Commercial Investments files a uniform amendment form.

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